Two interesting concepts to think about: This is a strange "basic income" strategy. Mash that meme up against that meme and you get some weird observations.

Two interesting concepts to think about: This is a strange "basic income" strategy. Mash that meme up against that meme and you get some weird observations. It seems to be failing, but its at least interesting. The idea of a debt jubilee, of course only for rich people, implemented as a low negative rate rollback instead of simply eliminating debt accounts, is related and interesting. Consider a novel solution to the housing bubble crisis or the death of the oil frack industry or the upcoming death of the social media bubble, don't just write off mortgages and loans but make them all neg 2 percent or whatever to not suddenly shock the economy. Its an interesting implementation idea. This is a symptom of a dying/collapsing economy. Not the rate itself, but look at how fast people are getting kicked off the island and no longer allowed to participate as they had participated for decades/centuries. Much like has been happening in the labor markets. The way economies die is almost never a light switch (that comes from reading greatly summarized histories deep in the past) but its more like the number of people permanently kicked out of the game increases YoY until no one cares about the legacy economy so it gets unstable and the few remaining die hards watch the final irrelevant tipover. You can see a technology analogy in software versions. Windows XP never died on a certain date, just fewer people used it over time with variations in rate due to external forces (support contracts, new windows version releases, pirated releases, etc) and finally it'll no longer be relevant in the marketplace, eventually. Likewise, economies die the same way. Its not only the quantity of transactions or size of transactions, but literally the number of players.