Monthly Archives: April 2013
Open Season on Savers
Austrian economist Ludwig von Mises called it time preference. That is, the assumption that, all else being equal, people prefer attainment of a given end sooner rather than later. People prefer present satisfaction over future satisfaction. These days’ people’s time … Continue reading
Posted in Inflation, MN Gordon
Tagged ben bernanke, consumer price index, dollar, federal reserve, freedom, interest rate, saving
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