ZIRP and NIRP: Zombie Machines
Update: 2020-02-06
Description
The monetary experiments with zero interest rate policy (ZIRP) and negative interest rate policy (NIRP) continue to be overlooked as the "new normal." What are the intended—and unitended—outcomes of these unprecedented policies? In this episode, Everett summarizes the economic risks associated with persistently low and negative rates. He also examines the argument that paying negative interest is not an unusual idea or practice.
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