4 ms·
People will find loopholes, that's how the game is played. Nothing will get solved because the system is broken at a fundamental level, and no amount of patchin
by gher-shyu3i 6y ago
People will find loopholes, that's how the game is played. Nothing will get solved because the system is broken at a fundamental level, and no amount of patching will fix it.
Do you want actual, proper change that will benefit society? Ban interest and all the shenanigans that come out of it (shorting, puts and calls, etc.). I guarantee things will dramatically improve - it's been done before.
- imtringued 6y agoThe economy already banned interest, sort of and we have less growth because of it. Low interest rates are a boon to unproductive companies and if those unproductive companies go under they may cause a recession. The reason why we have interest in the first place is to encourage savings and stave off inflation.
- gher-shyu3i 6y agoLow interest rate != 0 interest rate, so it's not banned. I'm talking about literally zero interest rates, that way proper investments can be encouraged instead of building an empire on usurious and exploitative money lending. > The reason why we have interest in the first place is to encourage savings and stave off inflation. It's the other way around, interest causes inflation, because the government has to print money to pay off its debts, thereby devaluing everyone else's hard earned money.