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  • Leonard Pokrovski
    added blog Economics
    2026-05-14 15:29:00 -
    What are interest rates?
    What Are Interest Rates? There are few prices in modern civilization more consequential than the interest rate. Wheat prices determine whether bakers survive. Oil prices determine whether airlines collapse. Labor prices determine who gets hired and who remains idle. But interest rates determine something deeper: whether a society prefers the present to the future. That distinction is not...
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