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> There seems to be a subgroup of HN community that believes low interest rates (below some arbitrary threshold?) to be immoral. Ironically, this is a very pop
by olalonde 3y ago
> There seems to be a subgroup of HN community that believes low interest rates (below some arbitrary threshold?) to be immoral.
Ironically, this is a very popular belief in the Bitcoin community and often cited as the reason to adopt Bitcoin. I don't want to start a debate but essentially, the crux of the belief is that low interest rates are essentially a means of "printing money", which in turn dilutes the value of the currency and acts as a hidden tax on its holders. The idea being that Bitcoin having a fixed supply, isn't vulnerable to such debasement.