Earlier quoted context omitted.
"In the good times" when dollar was backed by gold, bankers would borrow at 3%, lend at 6% and go to a golf course at 3 o'clock. The economy is working incorrectly - due to central banks. Being punished for saving is just insane.
> Being punished for saving is just insane. The economy is a prisoner's dilemma. If everyone saved , we'd all be worse off. As such, it makes sense to punish defectors.
So maybe they could stop their inflation policies which screw the little people.
I am not writing about socialism. I am writing that central banks should stop the policies that rob the poor and give money to the rich.
Yes, there were crisises in the past. There are crisises now. And there will be crisises in the future. But in the past, at least the interest rates on savings beat inflation, so common people could build a safety net. Now you are punished for saving. You can play the stocl market casino (which btw. is connected to price of money from central bank...).
Is the central bank for average people, or another corrupted institution made to make the rich even richer?