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ID: fl1rL6L9/qst/6257893#6263108
6/22/2025, 4:28:31 AM
>>6263094
>Question for QM-- does having money in the bank generate interest over time? Or is that concept too anachronistic?
You are just paying to keep your gold safe. A merchant that actually took out the gold and loaned it to everyone to get even more gold and then started printing more and more IOUs would be hanged for sure.
This would be how interest would be paid (how interest is paid actually), but the whole thing is very illegal. As it should be.
>Question for QM-- does having money in the bank generate interest over time? Or is that concept too anachronistic?
You are just paying to keep your gold safe. A merchant that actually took out the gold and loaned it to everyone to get even more gold and then started printing more and more IOUs would be hanged for sure.
This would be how interest would be paid (how interest is paid actually), but the whole thing is very illegal. As it should be.
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