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Sure, but nominal value is not what you use to buy things. The nominal value in my bank account won't just go down on its own either. But what I can do with it
by Swizec 11y ago
Sure, but nominal value is not what you use to buy things. The nominal value in my bank account won't just go down on its own either. But what I can do with it will.
Or is there a mechanism I don't know about that can lower nominal numbers in untouched bank accounts?
- dragonwriter 11y ago> The nominal value in my bank account won't just go down on its own either. It would with negative interest rates.
- gegtik 11y agopresumably to reduce the inflation of prices. 6 of one, right?