Inequality, Interest Rates, Aging, and the Role of Central Banks

Re:Inequality, Interest Rates, Aging, and the Role of Centra... by logicchains on Friday December 30, 2022 @05:39AM (#34183780)

>The Cantillon effect is a desirable result in theory because it can greatly increases the viscosity of the resultant inflation

Whether it's desirable in theory depends on what the end goal is. If the end goal is less wealth inequality, a less efficient but more fair system might be more desirable than a more efficient one that systematically transfers wealth from currency holders to financial institutions.

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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by imtringued on Friday December 30, 2022 @06:09AM (#34183980)

Inequality is actually highly inefficient because inequality allocates production away from the poor who have human basic needs and toward the rich who basically only have superfluous consumption left. You can't argue that these rich people invest in better things than feeding children or educating them.

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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by Dracophoenix on Saturday December 31, 2022 @01:15AM (#34194143)

Wouldn't investment in automation solve that?

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