4 ms·
It’s like that comic with the dog holding the ball going “no take, only throw!” “No purchase, only invest!” At the end of the day the economy only works becau
by aalleavitch 7y ago
It’s like that comic with the dog holding the ball going “no take, only throw!”
“No purchase, only invest!”
At the end of the day the economy only works because it’s extracting profit from consumers, if the profit you’re extracting is money you lent them in the first place...where is the profit coming from? Hence the negative interest rates: you NEED them to take on more debt so they can even buy things from you to begin with. It’s the market itself saying “you need to give them more money”.