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Money that sits idle should cost more than money that creates opportunity
- rotbart 2mo ago[flagged]
- zahlman 2mo agoWelcome back to HN. Please check out https://news.ycombinator.com/item?id=47340079 https://news.ycombinator.com/item?id=47340079 : > In Comments: Don't post generated text or AI-edited text. HN is for conversation between humans.
- abstractspoon 2mo agoHmm. Authors starts with an unproven phenomenon and then bases the rest of the article on assuming it was proven
- rotbart 2mo agoI'm trying to make the case for this model of economy, not claiming it is proven. What in economics is ever truly proven?
- xchip 2mo agoYou have discovered inflation....
- rotbart 2mo agoClearly, you have not read the article.
- gus_massa 2mo agoFrom https://en.wikipedia.org/wiki/Federal_Reserve https://en.wikipedia.org/wiki/Federal_Reserve > Conduct monetary policy by influencing market interest rates to achieve the goals of [...] an inflation rate of 2 percent per year on average [...] The idea is to discourage people/companies to store a truckload of cash like Scrooge McDuck. So it's better to invest it or put it in a bank where the bank will not store it but lean it so it's invested. The end result is to encourage the money to flow, as suggested in the article.