When businesses hoard their wealth and prevent it from entering the active economy during hard times, central bankers consider negative interest rates, that is, charging for storing money. In a sense, checking accounts that require fees yield negative interest. The customer gets no return on an investment; the bank, by storing money, makes money as the customer pays the bank for the storage.
Almost every belief system works the same way for those devoutly committed to a belief. And that includes political beliefs. Political parties are the central banks that store ideas for a price, that is, for maintaining the belief system.
As long as people keep hoarding, i.e., keep holding onto, their ideas rather than spending them in philosophical debate and idea exchange, negative interest rates will govern the economy of the political mind.
Wish for a positive return on your intellectual treasure? Go out and spend some ideas in debate. If others begin to spend similarly, the economy of the mind will emerge from its long recession.
Almost every belief system works the same way for those devoutly committed to a belief. And that includes political beliefs. Political parties are the central banks that store ideas for a price, that is, for maintaining the belief system.
As long as people keep hoarding, i.e., keep holding onto, their ideas rather than spending them in philosophical debate and idea exchange, negative interest rates will govern the economy of the political mind.
Wish for a positive return on your intellectual treasure? Go out and spend some ideas in debate. If others begin to spend similarly, the economy of the mind will emerge from its long recession.
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