Re:Pricing Money: A Beginner's Guide to Money, Bonds, Future...
by yieldcrv on Friday June 16, 2023 @04:21PM
(#36363271)
> How is this more than an abysmal waste of time and resources simply to make a small handful of bankers richer?
Interesting observation given that your own wealth is managed this way.
Whether its the simple bank deposit in a checking account, if you've ever chased an interest rate for a savings account, or had your earnings managed in a retirement account from your employer, or if you attempted to make money faster because a debt was coming due.
Its all tied together and a product of this system.
The goal is to keep money moving within the economy, as people also race to hoard it.
Interesting observation given that your own wealth is managed this way.
Whether its the simple bank deposit in a checking account, if you've ever chased an interest rate for a savings account, or had your earnings managed in a retirement account from your employer, or if you attempted to make money faster because a debt was coming due.
Its all tied together and a product of this system.
The goal is to keep money moving within the economy, as people also race to hoard it.