Reply To: Debt

#18104
Jthomp76
Member

Great stuff, thank you! In regards to your above response about time preference, do artificially low interest rates in essense “trick” us into altering our spending and borrowing habits? In other words you say we have fewer savings because we now have higher time preference but is it possible that this isn’t totally the case and we are actually induced into more consumption because of the low rates and disincentive to save?