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actually, you want to destroy savings to get a growing economy, because it incentivises spending. Why hold onto yen if they'll be worthless in a year? Might as
by rtpg 11y ago
actually, you want to destroy savings to get a growing economy, because it incentivises spending. Why hold onto yen if they'll be worthless in a year? Might as well turn them into tangibles now
- ekianjo 11y agoThat's not really how investment works. For a private company to be able to invest in infrastructure and equipment, you need access to hard cash, and therefore savings procured through banks as lenders. If everything is at credit, it's not sustainable.