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by anarchop
2065 days ago
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Payments are not the problem of concern for central bankers: negative interest rates are. Legacy physical cash based fractional reserved banking is inherently not able to support aggressive negative interest rates as depositors can simply withdraw cash to avoid it. Digital currency can self amortise as it never leaves the ledger, allowing effective negative interest rates to turn the momentary policy crazy dial way past 11. Keynes would love the idea. |
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