That would be paying others to use money. That won't work.

Welp Im in a flood

What will work is *inflation*

Nice Day

By printing more money and flooding the market, they effectively devalue older notes.

Yeah we went over inflation as well, that's just a band aid

If that holds up to be true, in a world with negative interest (that I could see coming, at least we EU fags alrdy have it here) you basically finance urself as a govtand get money for it. Am I a fan of that? HELL FUCKING NO!!!!! I see the risks associated with that

You can reverse calculate that as negative interest, but there's no way you'll get a loan, even to another bank, at -0.7%

Will it likely hold for a limited amount of time (maybe until the next BONKERS idea is found)? Prolly

"here, please use my money, it's literally burning a hole in my pockeet" does not exist.

Okay I see the argument with the inflation absolutely

just looks like a civilization in it's death throes to me

But here in the EU inflation has actually been going in the direction of deflation in spite of shitty neg intrst rates

https://www.investopedia.com/terms/n/negative-interest-rate.asp

Can you elaborate on the -0.7% thing? I can't quite follow you there

While real interest rates can be effectively negative if inflation exceeds the nominal interest rate, the nominal interest rate had been theoretically bounded by zero. Negative interest rates are often the result of a desperate and critical effort to boost economic growth through financial means.

Jesus... there's idiots that actually think this would work and they have power.

This is like pouring fertilizer on sand, and neglecting that you've either also poured petroleum on it or have no seeds there to begin with.

And Europe, Scandinavia, and Japan have done this.

yeah you're holding out for a miracle at this point

These people are fucking idiots.

i didn't think Japan was as bad off as EU and Scandinavia

Okay, bearly.

Can you tell me why the nominal interest rate is theoretically bound by zero?

You are a sick fuck.

I thought I knew the depths of humanities stupidity.

And you just revealed to me a whole new dungeon.

You jerk.

<:lolz:480186121897377792>

Me? Bitch I am trying to grasp a quite compley financial concept

This is literally me asking for you to provide me knowledge.

My instinct was on point, though. They are literally paying people to spend their money.

The idea is, if you make holding funds painful, people will buy shit.

Banks will eagerly loan to people.

People will try to start businesses with their newfound "wealth"

And, central to modern economics, is that money has to move in order to keep going.

You could think of the modern economy as a shark: if it stops moving, it drowns.

Like dude I have gotten the whole "we pump that money into the econ" shit that been going on

(The analogy is not very far off in terms of predation)

But, sometimes, (more often than not, I suspect), it's not money that's the problem. It's the law and market that represent a barrier that cannot be easily surmounted.

Well, unless you're willing to go the Uwe Boll route and make disasters and take advantage of tax and lending loopholes.