interest rates have gone up and down cyclically for literally hundreds of years in 70s they were highest they had ever been now at lowesthttps://twitter.com/naval/status/769650030764449792 …
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Replying to @turrible_tao
probably not highest in real terms in 70s, for most purposes important to correct for inflation + in 70s it was out of control
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Replying to @eigenrobot
from what I remember reading it was highest it ever was in 70s globally by orders of magnitude
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Replying to @turrible_tao
possible! I'm not a macro guy, idk there are lots of different interest rates + intertemporal comparisons prolly tricky
4:50 PM - 18 Feb 2017
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