The False Promise Of Negative Interest Rates
The False Promise Of Negative Interest Rates by Robert Skidelsky, SwissInfo.ch
As a biographer and aficionado of John Maynard Keynes, I am sometimes asked: “What would Keynes think about negative interest rates?”
It’s a good question, one that recalls a passage in Keynes’s General Theory in which he notes that if the government can’t think of anything more sensible to . . .
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