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A comment on The War on Cash. Parent comment

Re:The War on Cash by Swizec on Wednesday February 17, 2016 @12:10PM (#11119329)
Sure, but nominal value is not what you use to buy things. The nominal value in my bank account won't just go down on its own either. But what I can do with it will.

Or is there a mechanism I don't know about that can lower nominal numbers in untouched bank accounts?

[ Parent | on HN ]
Re:The War on Cash by dragonwriter on Wednesday February 17, 2016 @12:11PM (#11119338)
> The nominal value in my bank account won't just go down on its own either.

It would with negative interest rates.

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Re:The War on Cash by gegtik on Wednesday February 17, 2016 @01:43PM (#11120159)
presumably to reduce the inflation of prices. 6 of one, right?
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