tag:blogger.com,1999:blog-6245381193993153721.post8211217609085473412..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Austrian Business Cycle Theory (ABCT) and the Natural Rate of InterestLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6245381193993153721.post-36987632960672327042011-11-02T07:37:37.052-07:002011-11-02T07:37:37.052-07:00Is it possible to maintain a decentralized plurali...<i>Is it possible to maintain a decentralized pluralism of rates? </i><br /><br />Interest rates are a monetary phenomenon. What would be the purpose of a "decentralized pluralism of rates"? Wouldn't competition in loans tend to equalise rates in a spread anyway?Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-3716955524639965862011-11-02T07:34:31.081-07:002011-11-02T07:34:31.081-07:00Fascinating post. What is suggests to me is not on...Fascinating post. What is suggests to me is not only that the idea of a single 'natural' rate is flawed, but that a single rate is flawed. Is it possible to maintain a decentralized pluralism of rates?Unknownhttps://www.blogger.com/profile/17540886059127793423noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-76213865585496325352011-06-18T12:08:47.435-07:002011-06-18T12:08:47.435-07:00The critique above is NOT based on T. Cowen, Ris...The critique above is NOT based on T. Cowen, <i>Risk and Business Cycles: New and Old Austrian Perspectives</i>, Routledge, London, 1997.<br /><br />So your link is a waste of time.Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-63594692118318408262011-06-18T10:32:36.311-07:002011-06-18T10:32:36.311-07:00The Cowenian critiques of ABCT have been answered....The Cowenian critiques of ABCT have been answered.<br />pcpe.libinst.cz/nppe/2_2/nppe2_2_2.pdfAnonymousnoreply@blogger.com