tag:blogger.com,1999:blog-2098432983500045934.post3218967056956656713..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Do I detect a change in thinking?The Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-56348345554580513852013-11-20T17:28:39.847-05:002013-11-20T17:28:39.847-05:00Haha...good catch :-)
In theory the IOR rate woul...Haha...good catch :-)<br /><br />In theory the IOR rate would act as a price/interest rate floor and to the best of my knowledge, it has acted as such in the few other countries paying positive IOR rates. That being said, I strongly believe theoretical predictions should be tested against the empirical evidence. In this case, reality has been different from theory, presumably due to regulations that differentiate between types of institutions. <br /><br />As Keynes said, "When the facts change, I change my mind. What do you do, sir?"Anonymoushttps://www.blogger.com/profile/00720722626969395929noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-17594546475599212172013-11-20T11:43:49.399-05:002013-11-20T11:43:49.399-05:00Betteridge's law strikes again.<a href="http://en.wikipedia.org/wiki/Betteridge's_law_of_headlines" rel="nofollow">Betteridge's law</a> strikes again.geerussellhttps://www.blogger.com/profile/10631984593634015839noreply@blogger.com