Bicknellski 276 Posted September 22, 2015 Share Posted September 22, 2015 Bank of England could set NEGATIVE interest rate: Move would mean that rather than earning money, savers would be charged for keeping their cash in the bankhttp://www.dailymail.co.uk/news/article-3240086/Interest-rates-need-cutting-zero-says-Bank-England-s-Haldane.html Arcurus 1 Link to post Share on other sites
Arcurus 331 Posted September 23, 2015 Share Posted September 23, 2015 sounds like Freicoin Link to post Share on other sites
Rik8119 242 Posted October 14, 2015 Share Posted October 14, 2015 Problem here: The negative interest rate is only on money deposits. Loans still cost interest. -> No demurrage! Link to post Share on other sites
Arcurus 331 Posted October 14, 2015 Share Posted October 14, 2015 Problem here: The negative interest rate is only on money deposits. Loans still cost interest. -> No demurrage! thats not a big problem, because in long run negative interest on deposits would lead to lower the interest on loans generally. the problem more is how these negative interest on deposits is distributed... the problem we currently have, is, that there is a lot really a of money out there, but not much projects / enterprises / states which are trustworthy to get an loan and payback the money. therefore interest goes currently more and more towards 0. There are currently just not enough promising projects to invest in. Here normally the state / people should jump in and give incentives to investments in helpful thinks like recycling, non harming food, solving the energy problems solving the world food problem, financing, taking care of refugees and of course an basic income to give liquidity directly to the people.... Also this money could be used to incentive investments in cooperatives, so that also the economy gets more democratic. An so called ¨democracy¨ without an democratic organized economy is the name democracy not worth. Link to post Share on other sites
Fabrizio 162 Posted November 6, 2015 Share Posted November 6, 2015 Sweden's have had negative interest rates for a while too Hehe, for the link had to pick this one cuz of the silly title "People are hiding cash in their microwaves as Sweden gets closer to being the first cashless society with negative interest rates" http://uk.businessinsider.com/sweden-cashless-society-negative-interest-rates-2015-10 Arcurus 1 Link to post Share on other sites
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now