The true origin of interest

Today, the US Federal Reserve will likely adjust interest rates. Yet this process is inherently contradictory.

Interest rates emerge from the free market and are the expression of human time preference. The interest rate is literally the price of money, i.e. credit. Artificially setting it distorts the economy, causes misallocations, and usually has long-term harmful effects.

The market interest rate reflects human time preference. Bitcoin enables a monetary environment in which interest can be expressed without distortion.

No press conferences. No subjective committees. Only the free market.