← Back to context Comment by jagraff 1 day ago That's definitely not universally true; my US bank pays 3.2% interest on savings 7 comments jagraff Reply abighamb 1 day ago And what is inflation? ImPostingOnHN 1 day ago A general, continuous increase in the overall price level of goods and services in an economy over time.Not really related to the discussion here though, since we were determining whether the interest rate is zero. xp84 19 hours ago But if they pay you roughly the inflation rate as interest, doesn’t that mean the use of your money is roughly free to them? 1 reply → jachee 1 day ago Any interest rate that is equal to or less than inflation is functionally zero (or less). 2 replies →
abighamb 1 day ago And what is inflation? ImPostingOnHN 1 day ago A general, continuous increase in the overall price level of goods and services in an economy over time.Not really related to the discussion here though, since we were determining whether the interest rate is zero. xp84 19 hours ago But if they pay you roughly the inflation rate as interest, doesn’t that mean the use of your money is roughly free to them? 1 reply → jachee 1 day ago Any interest rate that is equal to or less than inflation is functionally zero (or less). 2 replies →
ImPostingOnHN 1 day ago A general, continuous increase in the overall price level of goods and services in an economy over time.Not really related to the discussion here though, since we were determining whether the interest rate is zero. xp84 19 hours ago But if they pay you roughly the inflation rate as interest, doesn’t that mean the use of your money is roughly free to them? 1 reply → jachee 1 day ago Any interest rate that is equal to or less than inflation is functionally zero (or less). 2 replies →
xp84 19 hours ago But if they pay you roughly the inflation rate as interest, doesn’t that mean the use of your money is roughly free to them? 1 reply →
jachee 1 day ago Any interest rate that is equal to or less than inflation is functionally zero (or less). 2 replies →
And what is inflation?
A general, continuous increase in the overall price level of goods and services in an economy over time.
Not really related to the discussion here though, since we were determining whether the interest rate is zero.
But if they pay you roughly the inflation rate as interest, doesn’t that mean the use of your money is roughly free to them?
1 reply →
Any interest rate that is equal to or less than inflation is functionally zero (or less).
2 replies →