2 ms·
the reason for negative interest rates is deflation. any poor person earning a wage of any sort is getting a raise just for working.
by lintiness 11y ago
the reason for negative interest rates is deflation. any poor person earning a wage of any sort is getting a raise just for working.
- toyg 11y agoThat compensates itself by shrinking employment numbers, which is what you expect during deflation / crisis (and indeed one of the causes of low rates in general).