Re:Bank of Japan, in a Surprise, Adopts Negative Interest Rate
by branchless on Tuesday February 02, 2016 @07:36AM
(#11019061)
It's really about demographics. When people borrow money is created. When they stop borrowing money is destroyed as it's paid back, which leads to a deflationary collapse and other debts go bad.
We should have state issued money that tracks wealth created instead of debt that tracks boomer sentiment.
We should have state issued money that tracks wealth created instead of debt that tracks boomer sentiment.