[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: E-cash and Interest

To: Tim Philp <[email protected]>
Subject: Re: E-cash and Interest
From: Alan Horowitz <[email protected]>
Date: Wed, 10 Jan 1996 16:12:28 -0500 (EST)
Cc: Cypherpunks List <[email protected]>
In-Reply-To: <[email protected]>
Sender: [email protected]

> When you have your money in the bank, you are earning interest on the 
> Has this issue been addressed, or am I missing something?

     You are missing something.

   One can earn interest on money, or gold, or oil, or pork bellies, if
   one -  puts it at risk. Typically by lending it out.

 In our curent FDIC system, there is created  the myth, that bank 
interest is given without concomiitant risk.

The laws of economics are like the laws of physics. They apply, no matter 
what anyone says about anything. There is no free lunch - nor risk-free 
interest.

References:
- E-cash and Interest
  - From: Tim Philp <[email protected]>

Prev by Date: RE: Net Control is Thought Control
Next by Date: Re: A weakness in PGP signatures, and a suggested solution (long)
Prev by thread: Re: E-cash and Interest
Next by thread: Re: E-cash and Interest
Index(es):
- Date
- Thread