Do you think the central banks could achieve a similar effect by having a negative inflation target? So, keeping the rates high enough to have inflation at say -2%?
That should also discourage superfluous crediting and encourage saving.
Do you think the central banks could achieve a similar effect by having a negative inflation target? So, keeping the rates high enough to have inflation at say -2%?
That should also discourage superfluous crediting and encourage saving.
Central banks couldn't even keep their touted 2% target. If central banks and people in general were trustworthy enough to not steal easily available money, we would still be on the gold standard and we wouldn't need bitcoin.