Ep. 772: Wake Up and Think with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of Negative Interest Rates
The social contract is broken. The whole idea of an economy of work leading to, leading to output, leading to money, leading to investment, leading to further output and so on, the whole thing falls apart,. That's just theoretical things. What we're trying to do is drive up demand in these economists. You have to be a PhD economist to believe that you can actually stimulate an economy by imposing negative interest rates. In fact, the way it really works is it's a tax. If you have money, you put it in the bank and then the bank charges you. It's just a tax on your money.
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