An Essay On The Governing Causes Of The Natural Rate Of Interest (1912)

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Exploring the natural rate of interest, Joseph Massie's work delves into the factors influencing this rate, such as money supply, credit demand, and economic activity levels. He posits that the natural rate would exist free from government intervention, warning against the unintended effects of monetary policy manipulation. The scholarly text references economic theories and historical examples, positioning itself as a classic in monetary economics. This facsimile reprint aims to preserve its cultural significance while providing modern readers access to its insights.