Thanks for writing this, Kevin! This may sound weird but bear with me: I don’t know if you’re right about everything, but I’m grateful that you’re writing an alternative way of looking at this that is coherent and consistent. It helps us all remember that we don’t know everything and the conventional wisdom isn’t always right.
Thinking of natural interest rate as a function of the supply and demand for risk free deferred consumption is powerful, and I think rings very true.
Thanks for writing this, Kevin! This may sound weird but bear with me: I don’t know if you’re right about everything, but I’m grateful that you’re writing an alternative way of looking at this that is coherent and consistent. It helps us all remember that we don’t know everything and the conventional wisdom isn’t always right.
Thinking of natural interest rate as a function of the supply and demand for risk free deferred consumption is powerful, and I think rings very true.
Thank you Andrew! I'm glad you find value in it.
What you wrote isn't weird at all. In fact, it's all that I could hope for.