62 Central Banks are trying to force a switch to digital currencies, using the lie that regular cash banking disenfranchises the poor. Banks themselves disenfranchise the poor. (archive.ph) posted 2 years ago by GeneralBoobs 2 years ago by GeneralBoobs +62 / -0 24 comments share 24 comments share save hide report block hide replies
I personally don’t believe the “mattress problem” is a problem- humans who save and prepare for their future SHOULD be rewarded.
By creating massive amounts of inflation - central banks encourage wastefulness and short term mentality
I don't think it's a problem either, but I also don't think that the existence of paper money is a barrier to negative interest rates. Because it's fiat, there's nothing stopping the issuer from voiding it.
Ah- I misunderstood.
They kind of do this already by regularly replacing paper money designs - due to “security”