Peck by twetch#24077

1H5Yvc…Bnwo Key · twetch

"Low interest rates: The ultra-low interest rates seen in recent years are the product of the authorities’ attempt to prop up capitalism when it has over reached rather than allowing creative destruction."

What the chain says

Transaction: f85897ebd24aaf8387d94f9ff51fb492753b8a4a6a326cb2eb7bb2e0bac99cc9
Block: 661 428
Time: 2020-11-15T20:03:21Z
Signer: 1H5YvcnL3im6SNSPqynoMbDvxvRJggBnwo
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#24077

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1H5YvcnL3im6SNSPqynoMbDvxvRJggBnwo Verified

Replies (3)

twetch#24077 5.9y

1H5Yvc…Bnwo Key · twetch

Replying to@1H5Yvc…Bnwo

"Even if some in the older generation wish to exercise their right to remain self-interested, they should still accept a simple fact. They wish to retire into an economy that supports their pension, healthcare, and wellbeing."

twetch#24077 5.9y

1H5Yvc…Bnwo Key · twetch

Replying to@1H5Yvc…Bnwo

"As such we artificially, and inadvertently, propped up the value of assets that the older generation are much more likely to own. Free markets would likely have now seen higher interest rates, less debt and lower asset prices."

twetch#24077 5.9y

1H5Yvc…Bnwo Key · twetch

Replying to@1H5Yvc…Bnwo

"Yet declining demographics means younger people will have to support an increasing number of older people. Thus, the older generation is entirely reliant on the goodwill of young people"

-Konzept # 19: What we must do to rebuild

Post by twetch#24077

Replies (3)