Price Theory Palooza

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PTP #7

From Walter Williams

Suppose you were in a country where the charging of interest was prohibited by law. How could you tell whether the present price of future goods changed? What kind of evidence would you look for?

Source: Walter E. Williams, “Economics 811 Questions,” George Mason University, http://walterewilliams.com/courses/811questions/

Topics: price-theory , interest-rates , time-preference

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