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You think there is complaining now, what do you think would happen if you lost 1-3% of your principal each year forever. And what do you think would happen to
by wins32767 4y ago
You think there is complaining now, what do you think would happen if you lost 1-3% of your principal each year forever. And what do you think would happen to society of all that capital was sitting around doing literally nothing instead of being available for others to borrow and use on productive activities?
- worksonmine 4y agoI think interest rates would increase and I would be incentivized to put it up for lending and create a healthy economy with our savings being safe while still being able to gamble. Money would get value again. If the banks themselves won't act as the middle-man the gig economy will fill that space in no time. Would the execs get million dollar bonuses and fly jets? No, and I'm fine with that, I don't have to count on a financial crash once every decade or two. What do you think would happen?