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.
You May Also Like
Investing
Quickly coordinate e-business applications through revolutionary catalysts for change. Seamlessly underwhelm optimal testing procedures processes.
Investing
Collaboratively administrate turnkey channels whereas virtual e-tailers. Objectively seize scalable metrics whereas proactive e-services.
Editor's Pick
Jennifer Huddleston In July 2024, millions of individuals and businesses found their lives disrupted by a global IT outage caused by a faulty update...