Lord Keynes : “Why don’t you try and get my actual view right, instead of a straw man?”
Speak for yourself. You deliberately ignore my argument. And this is not the first time, remember. I’m beginning to get used to it. This is why it is so boring to discuss with you, Lord Keynes.
Concerning Murphy’s view on the natural rate, see here :
You might be right that it doesn’t destroy ABCT. I agree (as somebody above pointed out, since I still endorse the ABCT in popular writing). But it’s certainly problematic when the standard Austrian position says stuff like “the interest rate reflects the premium placed on present vs. future goods,” if it turns out that there is no such thing.