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Why can't it continue this way? You can expand credit forever. Interest rates can go negative. It is NOT a free market. The Bank of Canada controls the price
by onlyrealcuzzo 5y ago
Why can't it continue this way?
You can expand credit forever. Interest rates can go negative.
It is NOT a free market. The Bank of Canada controls the price of debt. Debt is the majority of the economy. It will obviously lead to a sicker and sicker and more unequal (and unfair) economy.
But the Bank of Canada isn't really accountable to anyone. It could continue its path for at least the rest of our lifetimes, in theory.