Should money have an expiration date? This long-forgotten economic theory from the 1930s is making a comeback. Today’s post will be a primer on negative interest rates- The tool du jour by monetary policymakers looking to avoid liquidity traps, and what the underlying power and purpose of sovereign-backed cryptos may really be.
Money With An Expiration Date: A Primer on Negative Interest Rates
Issue #21 November 4, 2019
