Comment by yieldcrv

> How is this more than an abysmal waste of time and resources simply to make a small handful of bankers richer?

Interesting observation given that your own wealth is managed this way.

Whether its the simple bank deposit in a checking account, if you've ever chased an interest rate for a savings account, or had your earnings managed in a retirement account from your employer, or if you attempted to make money faster because a debt was coming due.

Its all tied together and a product of this system.

The goal is to keep money moving within the economy, as people also race to hoard it.