Let’s pull out a calculator, to verify some of that Keynesian theory. If I put 100$ in a checking account (let’s call it a larceny account) after 10 years there would be 82.03$ left. After 20 years, 67.30$ left. After 50 years, 37.15$ left. And after 100 years, 13.80$ left.
I’m supposed to believe that this is a healthy system? How?
How can it be healthy to have a monetary system designed to steal from you ?
Some believe in Keynesian theory.
I understand maths.
I’m so grateful for #bitcoin
Keynesian theory ie 2% “target” inflation rate
Inflation is way higher than 2%. The world needs #bitcoin.
Agreed
2% is just the theory
Real inflation is a nightmare
That's just the monetary system! Now actually holding that bank account will further drain the reserves with their fees
Worst kind of bank accounts I’ve seen so far are the ones with no fees if you leave a certain balance in there… some will leave thousands just sitting there thinking there’s no fee, while losing ownership of their money 🤯
