2 ms·
Low 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
by gher-shyu3i 6y ago
Low 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.