Does The Fed Control Interest Rates? – OpEd

Does The Fed Control Interest Rates? – OpEd

Eurasia Review

Published

By Alexander William Salter*

An interest rate is a price: the price of rented capital. Alternatively, interest is the price of time. It’s the cost borrowers pay to transfer purchasing power from their future selves to their current selves. Intertemporal markets are a crucial component of advanced market economies. For any...

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