If cash keeps its value, than that’s fine. Why should people who were productive in the past not be able to enjoy the fruits of that productivity WITHOUT working like fucking dogs till they die?
Interest rate should be very close to real inflation rate. Despite what Ben flaps his yap about, real inflation isn’t even close to 2% right now; things like housing, food, and energy are just excluded. If real inflation were running at 2%, a 1% rate would be about fair.
Why should people stay on the treadmill until they die?