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BankSith
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2024-10-07 08:06:57

BankSith on Nostr: I guess Klaus Schwab knows why money should have the ability to expire.. “Expiring ...

I guess Klaus Schwab knows why money should have the ability to expire..

“Expiring money, one whose value falls to zero after a specific date, is a potential monetary policy tool . “Programmability,” a technical feature made possible by digitalization, can accelerate decisions to spend it, making it a very effective means for stimulating consumption.”

https://blogs.worldbank.org/en/allaboutfinance/expiring-money-part-i

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efenigson (npub1dg6…sguz)
Wtf why exactly should money expire? Are these people at the ECB smoking their ass hair or what in hell led them to believe this is a good idea…
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