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When interest rates go up, money is being destroyed.

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22/09/20

14:46

Post #: 47535832
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Originally posted by princey37: ↑

In the article you referenced, it does not say anywhere that money is destroyed. I does say, however, that the government prints money to manipulate the economy. Now consider this, the economy is going down the gurgler and no one is allowed to work, if they can't work then they can't pay the banks, what do you believe the governments response will be? They won't be destroying any money, as you put it, although, eventually it will be destroyed as a result of devaluation and the public's loss of confidence in the government.

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When interest rates go up, money is being destroyed.
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