The interest is only a higher valuation of the goods in the present with respect to those of the future. And it does not matter if the interest is expressed in money, because in reality this is only a piece of exchange whose value is subjective, it is by the common agreement of those who decide to use it.
But the interest will always have a harmful effect when undertaking projects and the way to do it is through capital, which is the product of saving what has been earned through work. The rule is simple: when interest rates fall, there will be more resources to invest. When interest rates rise, resources are not available to invest.
This means that central banks always depreciate the value of the money they print.
Thus, the more depreciated the money is because interest rates are higher; on the contrary, money is worth more when interest rates are low.
As the money is depreciated, the central bank prints more money and inserts it into the market, money that, of course, has no support whatsoever. This makes all the money then have the same depreciated value, which manipulates people not to save or invest more; but rather, consume, spend the money. Some few make the intelligent decision to buy more supportive money (stronger foreign currencies, precious stones or metals or cryptocurrencies) but most prefer to spend on consumer goods, which contribute little to growth and investment.
Of course, this again causes interest rates to rise and new issues of money flood the market.
Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #cheetah-appeals channel in our discord.
This is a lie. Also, this is a robot from a group of people who think that others are stupid and are not able to distinguish ... nothing. Censorship and control of information, how it is disclosed and presented, is not a problem, but rather of those who produce and conduct it. Let people decide if it's worth it or not read.
The people behind this robot have no more value than the infamous, thieves and destroyers of totalitarian regimes.
It is a shame.
Only for remember:
Point number 7 of the terms of the Steemit service: "7.No Liability for Third-Party Services and Content
7.1. In using our Services, you may view content or utilize services provided by third parties, including links to web pages and services of such parties (“Third-Party Content”). We do not control, endorse, or adopt any Third-Party Content and will have no responsibility for Third-Party Content including, without limitation, material that may be misleading, incomplete, erroneous, offensive, indecent, or otherwise objectionable in your jurisdiction. In addition, your dealings or correspondence with such third parties are solely between you and the third parties. We are not responsible or liable for any loss or damage of any sort incurred because of any such dealings and you understand that your use of Third-Party Content, and your interactions with third parties, is at your own risk."
your blacklist... bullshit.