Negative interest rates: policy reaches a new low

If there is any ‘strategy’ more calculated to make economic conditions worse than they already are, a campaign to reduce private savings would be hard to beat. If you think like a Keynesian that an economy is driven by aggregate demand, then you must think that saving is a problem when the economy is in recession.

Read the full blog post here

Source: http://www.iea.org.uk/blog/negative-interest-rates-policy-reaches-a-new-low

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