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With negative interest rates becoming more prevalent and the IMF calling for the abolishment of cash to allow levying negative interest rates on all balances, I

With negative interest rates becoming more prevalent and the IMF calling for the abolishment of cash to allow levying negative interest rates on all balances, I think it's perfectly valid to want a right to pay in cash. On the other hand, negative interest rates have been prevalent for all of fiat history, thanks to monetary base and commercial bank money inflation. Negative nominal rates only make it more explicit.

RobertoG 11y ago
"Negative nominal rates only make it more explicit." Not really. Inflation happens when there is a real resources constrain. You are demanding more from the economy that the economy can produce. If you have doubts about this, just look into the result of the QE programs that have generated not inflation. Negative rates don't need this condition and don't make really sense. First they push money in the system and then they pull money from the system, but everything continues the same. In fact, negative interest rates can be seen as a way of avoiding doing the logical thing: fiscal policy and direct investment.