Why we should be worried about Alan Greenspan’s negative interest rate prediction. It might mean the end of capitalism.
http://dailytorch.com/2019/08/why-we-should-be-worried-about-alan-greenspans-negative-interest-rate-prediction-it-might-mean-the-end-of-capitalism/
While the financial and political media were panicking about the 10-year, 2-year treasuries interest rate inversion, former Federal Reserve Chairman Alan Greenspan was predicting that U.S. treasuries’ interest rates could very well go into negative territory in the near-future. If interest rates are going negative, it could very well be forecasting slower economic growth or no growth at all, low inflation or even negative inflation, and higher unemployment. The federal government would earn interest instead of owing it for deficit-spending. Individuals would be incentivized to stop working and take on debt to earn interest. It would be helicopter money. Where would this lead our society?
