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.