An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
But then you have to consider US will have to go negative to “compete!” too... Franko
Negative rates are only natural and just for the inherently risk-free debt of a monetary sovereign - to avoid welfare proportional to account balance.
That said, individual citizens should be shielded from negative to a reasonable account balance and/or compensated for it via an equal Citizen's Dividend.
Yeah BOE going negative to “compete!” with EZ which is already negative...
ReplyDelete(Mike you may want to look at GBP/EUR)
But then you have to consider US will have to go negative to “compete!” too...
These people don’t want their currency “overvalued “... this is the way those people think......
If Japan is negative, BOE is negative, ECB is negative... NO WAY IN HELL that Fed doesn’t go negative too... to “compete!”...
This the way these people all think.., ie morons.,,
BOJ is -0.1%
ReplyDeleteECB is -0.50%
BOE ready to go negative...
NO WAY IN HELL Fed doesn’t go negative..,
Then AUS will go negative... if BOE and Fed are negative NO WAY IN HELL Australia doesn’t go negative... then maybe Canada...
iow Canada after Australia...
Then China and Russia at some point bringing up the rear....
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Trump already was in WWE...
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ReplyDeleteBut then you have to consider US will have to go negative to “compete!” too... Franko
ReplyDeleteNegative rates are only natural and just for the inherently risk-free debt of a monetary sovereign - to avoid welfare proportional to account balance.
That said, individual citizens should be shielded from negative to a reasonable account balance and/or compensated for it via an equal Citizen's Dividend.
Our economic system is inherently unjust, Franko, which any mature Christian who takes the Bible seriously should know.
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