4 ms·
>The chain reaction continues until all the economy's money is tied up in safe assets, not being spent If people put their money in savings, isn't the bank sti
by theschwa 13y ago
>The chain reaction continues until all the economy's money is tied up in safe assets, not being spent
If people put their money in savings, isn't the bank still spending it? Investing in things like new businesses? Couldn't the same thing happen regardless of the currency?
- clienthunter 13y agoNo, the banks are scared of investing too. Edit: sorry, incomplete response. Yes it happens in every currency, the difference is they have mechanisms for handling these issues.