Comment: It‘s time to consider negative interest rates
Deeply negative interest rates may not be a panacea for the world economy in the post-pandemic world, but that doesn’t mean they shouldn’t be considered as an early step towards recovery
For those who viewed negative interest rates as a bridge too far for central banks, it might be time to think again. Right now, in the US, the Federal Reserve – supported both implicitly and explicitly by the Treasury – is on track to backstop virtually every private, state and city credit in the economy.
Many other governments have felt compelled to take similar steps. A once-in-a-century (we hope) crisis calls for massive government intervention, ...