Interest Rates And Animal Spirits: A Response To JW Mason
by Philip Pilkington
JW Mason has an interesting post on the interest rate over at his Slackwire blog. In it he basically tries to resuscitate Keynes’ theory of liquidity preference as that which determines the interest rate on various assets. I think that he does rather a good job given that this is his goal but from the moment I looked into this debate over a year ago I was always bothered by what was going on.
Source: http://econintersect.com/pages/analysis/analysis.php?post=202005210232
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