alt Hacker NewsSaving is not 'not doing anything at all with your money.' Saving is lending your money to a generally low risk debtor, called bank.
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globular-toast • today at 1:27 PM
That's not how banks work and hasn't been for decades.
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Saving is not 'not doing anything at all with your money.' Saving is lending your money to a generally low risk debtor, called bank.
That's not how banks work and hasn't been for decades.
In a deflation based economy as invisioned by crypto currency enthusiasts, there is no incentive to lend your money to anybody. Neither a private person nor banks would have strong incentives to do that, because you have a guaranteed increase of value if you just sit on your money.
No investments would take place because of that.