Inflation increased consumer prices, cause higher interest rates make corporations pay more for loans. We hear. Corporations are rich!! What loans they take ?
Norway dont have fractional reserve banking. Each bank in Norway is delegated quotas from the norwegian bank. Regulated by the financial department. Regulate the quotas per bank. Leave interest rate alone! Banks are crooks. Where does all the incoming ibterest rates values go? They dont burn money to prevent inflation.
Norway has 4.95% of the population as millionaires. 4.75% of employment in 2022., came from independent businesses. 60.000 independent buisnesses was established so this shows very very few made success. Stockmarket revenue was 12-15% return. And 900 billion Norwegian kroner in revenue. So that leaves us to know the majority of the millionaires earned their wealth from real estate. Norway moved away from fractional reserve banking in 2010, the main reason was to prevent extreme inflation from the designed housing market boom. Ordinary people the tax payers should have been given massive tax reduction to cope with the economical pressures of high living costs.
The final Renovation of the Universe 