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Except no one in a stable developed economy equates those loyalty programs and how those systems operate with how their nation’s currency operates, or should op
by ericd 7y ago
Except no one in a stable developed economy equates those loyalty programs and how those systems operate with how their nation’s currency operates, or should operate. Are you not annoyed at all the random games those companies play with those point systems? I don’t value those points highly at all because of the frequent devaluations they go through. I would not want the same fate for my currency. Are you willing to subject everything you’ve ever worked for to that kind of thing?
And one of the key reasons for maintaining a positive interest rate on lending is to encourage sound investment decisions by the capitalists borrowing it. Low interest rates beget more and more speculative investments, and more and more of those will go bad. And then you get a debt crisis.