Why negative interest rates won't work in the Eurozone

Or anywhere else, for that matter - but that's another story.

At Forbes, I look into the real reason why the ECB is considering negative interest rates on bank reserves. Despite what the papers say, it's not about bank lending.....

Read the article here.


  1. The money supply can never be managed by any attempt to control the cost of credit. Keynes's Liquidity Preference Curve (demand for money) is a false doctrine.


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