Quote:
Originally Posted by spence
Nebe, you just got schooled.
Since you're ignorant and insane I'll break this down for you. The reason the economy is in the tank is because the banks don't have money to loan business so they can hire people and pay higher wages.
If we give the banks money in the form of deposits the banks will be able to lower interest rates and give out tons of loans. If we give the banks a lot of money they will lower rates to zero and we will have unlimited growth.
Make that wrong.
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I said that it’s good for the economy when people deposit money in banks. I was correct. You somehow made the Evil Kineval leap that I meant that banks would lower interest rates? Not sure how you concluded that.
But Spence, if you think I’m wrong, and that it’s better when banks have no depositors, you are entitled to that opinion.
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