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Eliezer Yudkowsky
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The sentence in which you mentioned low interest rates being the equilibrium of few wanting to invest and many wanting to save, caused a sudden click for me, even after reading _The Money Illusion_ for a year. I really wish someone would collect all the simple ideas like this in a list somewhere. I would feel worse about failing to understand this for so long if the point were not also apparently eluding the governors of central banks.
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Sep 4, 2010