The world as a whole (except maybe like Japan) doesn't seem to have the problem of hoarding money. Low and negative interest rates have forced everyone to deplo

The world as a whole (except maybe like Japan) doesn't seem to have the problem of hoarding money. Low and negative interest rates have forced everyone to deploy capital and maintain comparatively little in risk free short-term sovereign notes. It's apparent that maybe we should have hoarded a little bit, as individuals and institutions everywhere are reeling from the damage covid has wrought on the world economy.