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Negative interest rates would be a very good thing right now.
by cchooper 18y ago
Negative interest rates would be a very good thing right now.
- eru 18y agoI even have a thousand bills lying around of such an alternate currency that I considered starting a few years ago. The nominal value would have been held constant by inflation-adjusting the exchange rate to legal tender. But the actual bills would expire after a year and would have to be renewed against a 5% fee. (That fee only accrues once a year and is in line with what credit card companies charge merchants --- for each purchase.)