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Re: The failure of negative interest rates  

By: Zimbler0 in POPE IV | Recommend this post (2)
Sat, 20 Feb 16 12:21 AM | 31 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 03911 of 47202
(This msg. is a reply to 03910 by Zimbler0)
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From the same place ZIM:

>>>
Over the next two decades, monetarism seemed to work really well. The 1990s in particular were a decade of peace and prosperity for the West.

Sure, there were two big market crashes in 2000 and 2007, when the dot-com and property bubbles collapsed. But the monetarists said those could have been avoided if central banks had been more sophisticated, and quicker to increase rates in order to snuff out those bubbles. Economics was reduced to an argument over monetarist timing and technique, rather than the larger principle of who exactly should be in control of capitalism — a bank or a government.
>>>

Zim : "In control of capitalism" . . . .
Clearly the author of this article is a severe moron.

I think he does have one thing right, though.
Negative interest rates are NOT working, and they will never work.

(Unless one's goal is to make it more feasible for
governments and bankers to steal more and more of our
money - or the efforts of 'We The Peoples' labors.)

Zim.




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The above is a reply to the following message:
The failure of negative interest rates
By: Zimbler0 in POPE IV
Sat, 20 Feb 16 12:14 AM 		Msg. 03910 of 47202

The failure of negative interest rates is a devastating intellectual defeat for conservatives

http://www.businessinsider.com/failure-of-negative-interest-rates-intellectual-defeat-for-conservatives-2016-2

It took just seven days for almost everyone in economics to agree that negative interest rates are a failure: They have not achieved their goal of flushing cash out of the banking system to fuel inflation and growth through cheap credit.

That lesson will be difficult for conservatives to swallow.

>>>

Zim: Article does continue.
However, I am certain that it is mostly another propaganda
piece for the left wing socialist fruitcakes.

I can't say for certain if the right wing conservatives
created negative interest rates and other assorted stupidities . . . .

But I can say most certainly that it is left wing socialists
and their hanger-ons who are bent on stealing everyone
on the planet blind with them.

Zim.

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