I told you so… (negative interest rates)
If this goes through, I may have been right in speculating some two years ago that Sweden was floating a trial balloon.
Negative interest rates! The same crowd that advocates this asinine idea is the same crowd that cannot or does not want to understand that inflation has a mathematical limit.
If lowering interest rates artificially, inexorably and aggressively was a solution to spurring economic growth and wealth, we would not be where we are today. Thirty years of data should be sufficient to dispel this galactically stupid idea.
Obviously something else is at work here.
If by lowering interest rates over the past thirty years our “leaders” have brought about not only the full dependency of society on the state but also its almost total destitution, then what do you think might be the rationale for doubling down on this policy?
Somebody please tell me how suddenly doing more of what has been done over the past thirty years could suddenly turn things around for any of us.
Tags: fascism, negative interest rates, totalitarianism, white collar crime