IMCV - How Much Control Does The Central Bank Have Over Interest Rates?

• As long as life sustenance remains the ultimate goal of human beings, they are likely to assign a higher valuation to present goods versus future goods, and no central bank interest rate manipulation is likely to change this.
• As long as life sustenance remains the ultimate goal of human beings, they are likely to assign a higher valuation to present goods versus future goods, and no central bank interest rate manipulation is likely to change this.
• It is not possible to replace saved wealth with more money and the artificial lowering of the interest rate. It is not possible to generate something out of nothing, as suggested by many commentators.

For further details see: