Postingan

Menampilkan postingan dari Mei, 2012

Deflation oriented Bank new procedure v.05

To make the deflation oriented bank at least plausible to be implemented, people could start by implementing these policies: 1. Still give people interests for deposits 2. Give people the option to sign a petition that says they would not withdrew their money while its being used in lending, and the bank has no other alternative to replace the amount. Now people who agreed to this policy would be given extra interests rate but not much, like 0.3%, and people who disagreed got lower interest rates by the same margin. People whose money ended up being used, and therefore became binded by the contract, got an increase of interest rates by 1%. And since the risk of default was a bit lower, the loan interest rates could also be lowered by 0.8% Now throughout time hopefully this method gets more and more popular. So the true spirit of the philosophy could be implemented. Those that don't put their money at risk would get even less interest, Those who are in the que would get s