While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.

Original Article:&nbsp;<a href="https://mises.org/wire/central-bank-policy-interest-rate-vs-natural-rate" target="_blank">The Central Bank Policy Interest Rate vs the Natural Rate</a>

While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate. Original Article: The Central Bank Policy Interest Rate vs the Natural Rate{ai:summary}<p>Central banks' attempts to imitate the natural interest rate through administered rates will inevitably falter. An absence of free markets signifies the absence of a natural rate.  #economy</p>

The Central Bank Policy Interest Rate vs the Natural Rate

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