tag:blogger.com,1999:blog-6177844902138634746.post3120644219361441917..comments2023-10-03T06:38:08.927-04:00Comments on Institute of Knowledge: Natural Rate of Interest Does it Exist?Institute of Knowledgehttp://www.blogger.com/profile/05428494773111546417noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6177844902138634746.post-71332599809588313962015-04-24T17:20:46.544-04:002015-04-24T17:20:46.544-04:00Money is a sign in our society of success. That is...Money is a sign in our society of success. That is I think what motivates people to have a huge amount even if after a while it's meaningless. Mikehttp://www.repairpc.canoreply@blogger.comtag:blogger.com,1999:blog-6177844902138634746.post-86502300610644965132013-08-21T23:01:57.765-04:002013-08-21T23:01:57.765-04:00I agree completely with your argument but I just o...I agree completely with your argument but I just one to add one thing. When you said that "money is essentially just a tool for exchange" - I would add that money is also a store of value, and unit of account. Keynsians emphasize money as a medium of exchange which is their justification for control of interest rates. The lower the rate the more transactions take place. Austrians emphasize money as a store of value - if rates float to their natural level and no money printing takes place money maintains its purchasing power.Russellnoreply@blogger.comtag:blogger.com,1999:blog-6177844902138634746.post-16567004063188768772013-08-18T23:42:07.118-04:002013-08-18T23:42:07.118-04:00Fantastic!Fantastic!Christahttp://bestrecumbentexercisebikes.us/2013/08/15/warm-up/noreply@blogger.com