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Both economists and laypeople carelessly refer to interest rates as the “price” of money. As Austrian economists have pointed out, however, interest is what people are willing to pay to control resources at the present time instead of waiting until later, time preference.
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Image: Scout Motors The VW-backed company is following in the footsteps of Tesla and Rivian by selling directly to customers without a dealership. Continue...
UMG and AI company Klay are forming their own foundational Music-generating AI model. | Cath Virginia / The Verge | Photo from Getty Image...
