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Central banking is central planning that gives the richest more money. There would not be negative interest rate in a true market economy where markets sets the
by acd 11y ago
Central banking is central planning that gives the richest more money. There would not be negative interest rate in a true market economy where markets sets the interest rate.
The new central printed money is flowing to the stock exchange and creating an epic housing bubble in Sweden.
The banks here used internal risk weights so created a loan on a million just cost them around 2000 that was fractions of fractions of cash needed to create housing loans.
Personally I think its housing market loan Ponzi scheme where the last ones in to loan when the prices no longer rise are set to loose.
- Steko 11y agoCentral banking is the solution economies have come up with to the problem of the market shitting the bed every decade. It's outcompeted the alternatives basically everywhere and for good reason.