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They're trying to stimulate economic growth. Finland's economy has been stagnant for a while now and interest rates on the Euro can only go so low. Other places have put deposits on a negative yield, that is interest rates below zero. This is different approach to the same problem - get people spending money so that more money can be invested. But there is such thing as a saturation point - how many more mcdonald's / pizza huts / whatever Finland has can be built? Only so many are needed.
theft does not stimulate anything other than more poverty
Finland's economy has been stagnant for a while now
government-created problem, more government is not going to fix the problem
Other places have put deposits on a negative yield,
which punishes savers which are the moral and correct path to real economic growth .. not theft which is what negative yields are
get people spending money so that more money can be invested.
more consumption is not the answer. More saving and less government overhead as well as ls government meddling in terms of economic policies is the way to true growth
how many more mcdonald's / pizza huts / whatever Finland has can be built?
as much as the market thinks there should be, not how much government thinks there should be
Are you trying to rebut my comment? If so, you will have to explain how Finland's leaders behind this decision are not trying to escape an economic trap. I am not arguing whether their attempt will work or not.
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[–] Drenki 0 points 1 point 1 point (+1|-0) ago
They're trying to stimulate economic growth. Finland's economy has been stagnant for a while now and interest rates on the Euro can only go so low. Other places have put deposits on a negative yield, that is interest rates below zero. This is different approach to the same problem - get people spending money so that more money can be invested. But there is such thing as a saturation point - how many more mcdonald's / pizza huts / whatever Finland has can be built? Only so many are needed.
[–] brother_tempus ago
theft does not stimulate anything other than more poverty
government-created problem, more government is not going to fix the problem
which punishes savers which are the moral and correct path to real economic growth .. not theft which is what negative yields are
more consumption is not the answer. More saving and less government overhead as well as ls government meddling in terms of economic policies is the way to true growth
as much as the market thinks there should be, not how much government thinks there should be
[–] xklevin1 ago
This is the answer to so many problems you are probably just a troll.
[–] Drenki ago
Are you trying to rebut my comment? If so, you will have to explain how Finland's leaders behind this decision are not trying to escape an economic trap. I am not arguing whether their attempt will work or not.