News for hackers. Stuff that matters.
Re:Tech faces hour of reckoning as fundraising drops, layoff... by jeffwass on Monday January 18, 2016 @02:16PM (#10926236)
So if the rate was zero, and they increased it by 0.01%, your claim would be that it was an infinite rate increase, and big institutions would have zero money to roll around?
Re:Tech faces hour of reckoning as fundraising drops, layoff... by marcosdumay on Monday January 18, 2016 @03:42PM (#10926771)
If the rate was zero the, incredibly small attrition banks suffer while creating money would completely determine how much money is in circulation. If not for it, yes, the amount of money would go to infinity, and would get down infinitely much by any positive rate.

My point is, this attrition turned up to be incredibly small, and still irrelevant at the US later interest levels.