2 ms·
In a sense, that is precisely what low/negative rates do. If cash-holders' future purchasing power is diminished, it effectively redistributes future purchasing
by ISL 7y ago
In a sense, that is precisely what low/negative rates do. If cash-holders' future purchasing power is diminished, it effectively redistributes future purchasing power to those earning money and making things now and in the future.
- imtringued 7y agoIn theory. In reality low income people do not have access to loans and therefore no access to low interest rates.