Like the idea in theory but careful what you wish for. Plenty of people crash out when it comes to gambling and even trading, letting them lose everything to a bank is irresponsible to say the least.
Govt bank fixed deposit interest rates 2021 in SBI, PNB, Union Bankm Bank of Baroda, Central bank of India with chart. Book FD with high interest rates in go...
Smith has been debunked so many times already. You just got to read up on what has happened since his ideas were championed by those in power – and what happens to people who try to correct this basic mistake. Go Chomsky and others who bother learning and being compassionate, which is also something Smith had problems with.
I don’t trust banks with my money unless the govt bails them out. Worse than their contemporaries, the illegal scammers anyways. Be warned.
Virgin money should try this – they have the best rates in the UK already
Like the idea in theory but careful what you wish for. Plenty of people crash out when it comes to gambling and even trading, letting them lose everything to a bank is irresponsible to say the least.
Not entirely Smith’s fault but he should have known his words would have been twisted by those with less scruples and more to lose.
more here, agreed btw.
I can highly recommend Jeff Madrick’s book “Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World.” reviewed here https://www.huffpost.com/entry/the-invisible-hand-conver_b_6590420
Smith has been debunked so many times already. You just got to read up on what has happened since his ideas were championed by those in power – and what happens to people who try to correct this basic mistake. Go Chomsky and others who bother learning and being compassionate, which is also something Smith had problems with.