Celebrating humanity's flourishing through the spread of capitalism and the rule of law
06 Sep 2026 Leave a comment
in David Friedman, international economics
Tweet… is from page 179 of David Friedman’s superb 1996 book, Hidden Order: A capital inflow occurs because foreign investors can get a higher real interest rate here than at home. If the reason the interest rate is high is, as sometimes asserted, that Americans have become increasingly impatient, unwilling to give up present utility…
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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