Posts
RE: The Interest Rate Fallacy And Cryptocurrency
25
@rmsadkri
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1 min read
The government reaction is always lagging by a month. That is not helping. And, the monetary policy central bank is implementing did not consider the non-monetary factor that came into play in the last three years or so. How can consumers be spending cheap extra money they pocketed when there was no economic activity due to Covid shutdown? Now, the banks are trying to fix the problem they fanned.
Cryptocurrencies could be the solution to this economic peril but it still has a long way to go from being a speculative game to solving the liquidity crunch in the future digital era.
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