The expanding popularity of the employment by central banks of negative interest rate is quizzical. How can so many experts take a wrong turn when it comes to economics? Especially, when these “experts” have learned the fundamentals? Speaking of the fundamentals, I will lay out a proof, in a future blog entry, on how the concept of negative interest rates are simply against nature. It is nonsensical.
Also: These experts use to validate the success or failure of negative interest rates by using the CPI(Consumer Price Index) as support. Using this technique also is fallacious. The analysis on why use of this index is fallacious will come for another essay.
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