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Societies for the History of Economics

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Subject:
From:
Michael Ambrosi <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Sat, 7 Mar 2009 09:47:00 -0500
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 >
 >The rate of interest is not a price.  It is the discount rate, or the
 >average of the population's preference for goods now versus goods later.
 >
 >Scot Stradley


No! The rate of interest is the expression of the opportunity cost which
people are willing to incur in order to hold assets in the form of legal
tender.

Michael Ambrosi 

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