"When we look back on negative rates, I think when the book’s written, it’s not going to look like a great experiment," he said. "Growth in this part of the world has been lagging and negative rates have not allowed an acceleration of that growth in my opinion."
Negative rates is the central bank fee charged to members. We suffer a delusion because our socialist government has been absorbing that fee since the Nixon Shock. Only recently has finance started paying because most governments are broke, saddled with debt. Finance has a huge back fee problem which the Swamp intends to collect.
We suffer a bizarre reversal, high finance wants socialist central banking and the left wants to pay higher interest rates. Keynesians and finance need to swap views, redo their talking points. One thing they both agree on is the monopsony bankers fee, so let us collect it directly.
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