4 ms·
Interesting idea perhaps of capital that has an accelerating half-life - invest it or lose it. I can imagine technology and society would develop at a much fast
by loceng 11y ago
Interesting idea perhaps of capital that has an accelerating half-life - invest it or lose it. I can imagine technology and society would develop at a much faster pace.
- msandford 11y agoToo bad the capital stock isn't determined by individuals but rather the Fed; who knows what the interest rate would be in real life if there wasn't massive money printing. Sorry, "quantitative easing"
- Phlarp 11y agoSo, something like inflation along with centrally directed GDP growth targeting?
- maaku 11y agoDemurrage money.
- toomuchtodo 11y agoThis is exactly how negative interest rate central bank policy is designed to work. http://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp http://www.investopedia.com/terms/n/negative-interest-rate-p... "A negative interest rate means the central bank and perhaps private banks will charge negative interest: instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe."
- fulldecent 11y agoJust look at the price of gold since 1970. And turn the chart upside down. That is the halflife of dollars.
- deleted 11y ago[deleted]