<![CDATA[The “Natural Interest Rate” Is Always Positive and Cannot Be Negative]]>

We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate, writes Thorsten Polleit.

This audio Mises Daily is narrated by Robert Hale.

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