Politics

High Time Preference Is the Cause of Increases in Long-Term Interest Rates

Published

February 3, 2025

Long-term interest rates are on the rise and there is no shortage of explanations from the usual suspects. One thing the pundits miss, however, is the role of time preference in determining interest. The Austrians do not make that error.

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Politics

High Time Preference Is the Cause of Increases in Long-Term Interest Rates

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