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by trgn 1554 days ago
tbh maybe it should stay like that, it's only an anomaly if you start your timeline at the advent of central banking. Interest rates on deposits are a purely mathematical fiction, creating no new value. If people would like to see their old tired moneys sprout new baby moneys out of thin air, they should convert their savings into capital, and effectively invest in productive enterprise. Any capital gain then is by market consensus that new value has been created by your investment in that enterprise.
1 comments

I think the idea was that deposits support other investments but where would that idea have come from? Sounds silly.