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Cheap Credit Doesn’t Create Economic Growth – It Makes Us Poorer

Net Present Value (NPV) is a popular decision-making criteria used by firms to make key, crucial choices about how to allocate resources across an economy, but this can be misleading especially when interest rates are manipulated via inflation.

Source: Mises Institute

Original URL: https://mises.org/power-market/cheap-credit-doesnt-create-economic-growth-it-makes-us-poorer