4 ms·
> It is much easier to move your money out of a 0%-interest bank account and into a 5%-interest money-market account (or an online high-yield savings account, e
by firstlink 3y ago
> It is much easier to move your money out of a 0%-interest bank account and into a 5%-interest money-market account (or an online high-yield savings account, etc.) than it was 30 years ago, or even 10 years ago. You are more likely to see an online ad encouraging you to do that, and more likely to do it with a few clicks.
Very easy problem to solve. Just make it illegal for profit-seeking rich capitalists to do this.
- vba616 3y agoWhen someone says "it is much easier...than it was 30 years ago, or even 10 years ago" I think they are expressly referring to it being easier for ordinary people and not "rich capitalists". Do you not think that rich people knew about interest rates and money market accounts all along? How could it be much easier for them?