Saturday, February 13, 2016

Federal Reserve

The negative interest rate doom loop. Negative interest rates make people hoard cash. This is why bankers want to ban cash.
"on negative rates – instead of making them punitive on the banks allow the banks to earn the spread, make them punitive to savers.. Cash shd be charged interest put the micro chip in large denom notes/tax cash withdrawals.. encourage spending not saving .. mortgage rates can be negative and banks can still earn a spread. The spread is the problem not the rate."
Yikes.

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