The Intertemporal Nature of Information Conveyed by the Price System 5 2 A Subjective Evaluation of Real Interest Rate and Monetary Regimes

@inproceedings{Coulombe1997TheIN,
  title={The Intertemporal Nature of Information Conveyed by the Price System 5 2 A Subjective Evaluation of Real Interest Rate and Monetary Regimes},
  author={Serge Coulombe},
  year={1997}
}
It was 1980, and my grandfather, then 85, had just made these comments on the sale of his neighbour’s house for $25,000. The house, built during the war, looked much like his own and all the others in the neighbourhood. They had grown like mushrooms to house the workers in the arms industry and their families near the end of World War II. My grandfather had paid about $3,000 for his house in 1945, and although small, it had been large enough for 13 children. He was becoming interested in house… CONTINUE READING

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