Can somebody please explain why they didn't cut taxes to stimulate their economy rather than do something crazy like negative interest rates?
1 posted on
07/29/2019 9:04:23 AM PDT by
Moonman62
To: Moonman62
“...The unconventional decision to take them into negative territory was aimed at encouraging growth and avoiding deflation, but it meant banks were charged a fee for parking their reserves with the central bank....”
****************************************************************
The banks would have been better off just keeping their required reserves in the form of actual cash sitting “unused”, but safe, in their vaults. Of course, the German government likely wouldn’t allow that rational strategy.
2 posted on
07/29/2019 9:09:59 AM PDT by
House Atreides
(Boycott the NFL 100% — PERMANENTLY)
To: Moonman62
I guess that’s one way to get rid of a central bank.
3 posted on
07/29/2019 9:12:19 AM PDT by
Sirius Lee
(“They are openly planning to murder you. Have a plan to prevent that.”)
To: Moonman62
Can somebody please explain why they didn't cut taxes to stimulate their economy rather than do something crazy like negative interest rates? Somebody has to support the moslem hordes, 85% of whom are unemployable.
To: All
Maybe now is a good time to buy some of their stock. The symbol is DB.
I’m gonna talk to my broker and see how he feels about it.
5 posted on
07/29/2019 9:20:56 AM PDT by
MplsSteve
To: Moonman62
It would appear that they stopped being CAPITALIST and became SOCIALIST.
A Capitalist is interested in making a profit.
A Socialist is interested in “sharing the wealth”
Capitalism will grow the pie.
Socialist will eat the pie, lick the plate and then demand more pie.
7 posted on
07/29/2019 9:27:21 AM PDT by
CIB-173RDABN
(I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
To: Moonman62
I drove past their Jacksonville, FL office yesterday. Had a good laugh at seeing their flag flying below the US flag.
10 posted on
07/29/2019 9:39:27 AM PDT by
lodi90
To: Moonman62
I think all tax rates should be adjusted to negative numbers.
11 posted on
07/29/2019 9:39:43 AM PDT by
I want the USA back
(The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
To: Moonman62
Borrow $10,000, and a year later, pay back $9800.
12 posted on
07/29/2019 10:46:20 AM PDT by
Fido969
(In!)
To: Moonman62
The government will pay our way out of it! Government has unlimited money! Just print more! What could possibly go wrong??
13 posted on
07/29/2019 10:48:05 AM PDT by
Teacher317
(We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
To: Moonman62
Can somebody please explain why they didn't cut taxes to stimulate their economy Then they'd have to admit that lower taxes are better.
To: All
18 posted on
08/07/2019 5:07:01 AM PDT by
Drago
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