Scott Fullwiler (stf18) tweets: Another excellent post on the problems with negative nominal rates
Read it at The Financial Times | FT Alphaville
Negative rates as a precursor to the death of banking
Izabella Kaminska
Scott aslo reminds:
The base money confusion (July, 2012)
Izabella Kaminska
The ‘high-powered money’ problem (August, 2011)
Izabella Kaminska
3 comments:
And be sure to read Dan Kervick's comment there:
http://ftalphaville.ft.com/blog/2012/07/31/1102191/negative-rates-as-a-precursor-to-the-death-of-banking#comment-2540961
It' a great essay, Dan. I agree 100%.
This is a good one too:
http://ftalphaville.ft.com/blog/2011/07/26/634841/the-feds-1-6-trillion-somethings/
Good one,y. I had forgotten about it. I posted it fro reference.
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