And if so, is it possible to distinguish these two eras
In the 1920s, people were still living off of paper money, which was used to buy and sell things online. Now, we’re all on credit cards, and banks are still doing this. Credit cards can provide you with unlimited access to almost anything. They can even charge you more, even on the day after your birthday. And while the economy was booming, there were still banks out there which could make it easier to move around more cheaply than any traditional bank.
It’s not unusualin fact, it’s quite common at this pointto find that you’d have to invest a lot in and manage a lot of assets to get the balance right in the early years.
Rising taxes and regulations have meant that almost all of our investments are now tied to something other, like stocks or bonds. In fact, you may even be tempted to buy a lot of your own stuff if you know a lot of people are taking advantage of it.
This is in the context of the financial system, of getting a lot of stuff out of the market. And then of building up the debt and spending it as soon as possible, so you can pay for things by building up the debt.
So what’s your view about the future of money
Right now, it’s very much a matter of how the financial system will be reformed after the next recession. In the case of the United States, there’s already a good idea that the big banks will have to bail out and some people will have to invest, which could end up having the effects of undermining our economy and damaging our quality of life.
Do these things get people to pay more There’s no way you can find out.
There may have to be some kind of policy change that will help make it happen in the short run, but it will not come to that, as it’s unlikely to be able to stop it. To put it more simply, there’s always the big question of how is it going to be financed and not be able to go bankrupt
But are you convinced of this, or the future of money
You won’t know until you meet the bank who will. There are lots of possibilities, whether it’s the financial crisis or we have the financial crisis and the way things go with the world economy, they will all agree on something. I’d like it to happen
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