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In other words - desire and greed. There is no way to talk about financial systems without at least mentioning the psychology that drives money systems the way
by barkingcat 7y ago
In other words - desire and greed. There is no way to talk about financial systems without at least mentioning the psychology that drives money systems the way they are now.
- ehvatum 7y agoThe time value of money is a sort of aggregated greed, I suppose, and the time value of money is the motivator for finance. But the financial system is also shaped by regulation, and the psychology driving regulation in a democracy is more complex than a hunger for money. People have a sense of fairness and practicality. Why is FDIC depositor insurance capped, for example? Why are banks required to give special treatment to loans to deployed armed service members?