GluedToTheScreen on Nostr: nprofile1q…pnx93 Interest is partially the TIME component when valuing money... ... ...
nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqyykpeg99uw8gq0tdr0t8d7e7g5hnj982sdfhlfqkvygd2zcyzsxsupnx93 (nprofile…nx93)
Interest is partially the TIME component when valuing money...
... and the other part is RISK.
BE the banker, my fren.
If I, a stranger, came to you asking for a loan of money that you had available to lend, you'd think long and hard about how likely it is you'll see your money again and need some incentive to take the gamble whether I'd pay it back or not.
Our current inflation is unquestionably brought on by "printing money", with any interest penalty being icing on that cake.
Interest is partially the TIME component when valuing money...
... and the other part is RISK.
BE the banker, my fren.
If I, a stranger, came to you asking for a loan of money that you had available to lend, you'd think long and hard about how likely it is you'll see your money again and need some incentive to take the gamble whether I'd pay it back or not.
Our current inflation is unquestionably brought on by "printing money", with any interest penalty being icing on that cake.