I wonder if prices being 24.99 makes a difference here too.
That would mean that for each gift card where the full amount is not spent, the company keeps 0.01. That 0.01 is technically owed but it doesn’t prevent the company from earning interest on the unspent cash (I don’t think).
I think the answers to the question are generally isaying it isn’t as simple as ‘creatijg money out of nothing’. They may be creating money but that money is backed against assets which they do own.
because banks are government regulated and insured institutions, forced to back each loan with reserves, and regulated to have capital for each of those loans, they cannot really be said to make this private money out of nothing.
Haha I don’t think it’s about fear. It’s probably about having hundreds of years of using those measurements, and it being very baked in to the language used between people to communicate.
Nobody wants to have to translate between kg and stone all the time. It’s tedious. If you live in a country where all your interactions are going to be in one measurement then you’re probably just going to go along with everyone else.
Even down to ‘goin down the pub for a pint’ being a commonly used phrase which doesn’t have the same ring when it’s '‘goin down the pub for a half litre’.