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| Just trying to boil it down to simple terms it seems like then that as interest rates go down, more people would be inclined to borrow money from their bank which would then create more inflation?
Which would make sense
And as interest rates go up more people would be inclined to pay off debt causing the inflation to go down.
But would this eliminate inflation? Or just reduce it?
When you put money into a savings account and collect interest, what’s the net effect of that and where does that interest money come from? | |
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How money is created
