The intent is to force people to spend or invest their money to get the money moving in the economy and growing it (and wages as demand rises, more need to be hired, etc.) rather than sitting in savings accounts, right? But I imagine it’d be quite painful for the many retired people who were banking on the deflationary environment
1 Comment
The intent is to force people to spend or invest their money to get the money moving in the economy and growing it (and wages as demand rises, more need to be hired, etc.) rather than sitting in savings accounts, right? But I imagine it’d be quite painful for the many retired people who were banking on the deflationary environment