Timmy elsewhereAugust 30, 2013 Tim WorstallTimmy Elsewhere4 CommentsAt the ASI. Amazingly, I’ve been right about the euro for 15 years now. previousWhere Jonah Goldberg goes wrongnextThe decline of the umlaut 4 thoughts on “Timmy elsewhere” JamesV August 30, 2013 at 9:13 am Why don’t you think interest rates should be determined by the market? SadButMadLad August 30, 2013 at 10:37 am I thought he was arguing that imposed interest rates don’t work or am I not understanding you. JamesV August 30, 2013 at 1:50 pm Right, but we can stop imposing interest rates by abolishing the interest-rate setting capacity of the central bank. It then doesn’t matter if your more or less optimal currency area has one currency or a thousand, the market determines interest on each loan/deposit individually. Even when you have multiple currencies, those that don’t believe they are getting an appropriate interest rate go elsewhere anyway. Like all the Hungarians who took out mortgages in Swiss Francs. That also turned out badly. SadButMadLad August 30, 2013 at 3:14 pm Ok, I get your point now. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.