Banks are integral to whether an economy grows
Banks are important in our society because they help us save money in a safe way, and they also help us invest money in more educated ways than we would know how to do on our own. However, the relationship between the government and banks can limit our productivity.
The government can interfere with the price and production of goods, and they can also set the price of money by deciding the interest rates. This can be harmful to our economies because it incentivizes spending instead of saving, and it also encourages the misuse of credit and leverage.
41
369 reads
CURATED FROM
IDEAS CURATED BY
Peter Schiff wrote a book about the economic crashes that have happened throughout history. He talks about how inflation, deficit spending, and central banking can all be driving factors.
“
The idea is part of this collection:
Learn more about economics with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
Related collections
Similar ideas to Banks are integral to whether an economy grows
Why are cryptocurrencies so popular?
Some of the reasons:
- Some see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable
- Some like the fact that cryptocurrency removes central banks from managing the money supply ...
The Reasons To Read More
- Reading is our moral duty: We read because knowledge is power. We become weak and are easily manipulated if we don’t read.
- Reading is a way to see the future: The truth is old and preserved in most classic books, which is rehashed and repackaged in...
Why accepting emotions is helpful
What is the point of trying to accept your emotions, and wouldn’t it be easier to simply get rid of them?
Well, no, it isn’t easy to get rid of emotions. In fact, most people with BPD have tried to get rid of their emotions with little success. What they have learned, and what rese...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates