2 ms·
In theory, perhaps. The reality is, the financial system's required fuel is inflation. Banks can't have assets on their books that decline in value (sans say au
by chiefalchemist 2y ago
In theory, perhaps. The reality is, the financial system's required fuel is inflation. Banks can't have assets on their books that decline in value (sans say automobiles).
Look at how much technology has contributed to productivity and efficiency, and yet most prices continue to increase. Most consumers' buying power has been declining and their debt increasing.