Something Very Disturbing Spotted In A Morgan Stanley Presentation ==>> https://t.co/YKvWrO5LE4
— Ron Paul (@RonPaul) 2016, 2月 13
One of the most surprising comments this year came from a closed session on fintech where I sat next to someone in policy circles who argued that we should move quickly to a cashless economy so that we could introduce negative rates well below 1% – as they were concerned that Larry Summers’ secular stagnation was indeed playing out and we would be stuck with negative rates for a decade in Europe. They felt below (1.5)% depositors would start to hoard notes, leading to yet further complexities for monetary policy.
http://d.hatena.ne.jp/d1021/20160213#1455360226
http://d.hatena.ne.jp/d1021/20160211#1455187112
http://d.hatena.ne.jp/d1021/20160115#1452854718
