To: Alberta's Child
P.S. -- Don't think of it as "losing money." Think of it as paying a fee in exchange for the protection of monetary value.
No, if I loan $1000 out and receive $990 back at the end of the term of the loan I have lost $10. If I refrain from making that loan I now have all of my original money and have lost NOTHING. Your "deflationary economic environment" and "inflationary monetary environment" have nothing to do with me not losing money by holding on to it instead of loaning it out.
41 posted on
09/27/2016 7:30:05 PM PDT by
Garth Tater
(What's mine is mine.)
To: Garth Tater
The hypothetical endgame in that scenario is that cash will be outlawed and the currency will eventually be changed.
47 posted on
09/27/2016 7:40:13 PM PDT by
Alberta's Child
("Go ahead, bite the Big Apple ... don't mind the maggots.")
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