4 ms·
Fractional reserve, flat interest rates. Hmmm... I wonder who might stand to directly benefit from an 18 year interest free loan?
by tal8d 6y ago
Fractional reserve, flat interest rates. Hmmm... I wonder who might stand to directly benefit from an 18 year interest free loan?
- pbourke 6y agoFTA: 'Booker, who introduced the legislation along with Rep. Ayanna Pressley (D-Mass.) said that because the “opportunity accounts“ would be interest bearing — paying around 3 percent annually — a child could have up to $50,000 by the time they turn 18.'
- tal8d 6y agolol, if it is designed to stay a point above the Fed's intentionally set inflation targets - what do you think happens to interest rates? This is worse than printing money - it is more like printing money presses.