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No If, Ands Or Buts: Negative Interest Rates Are Absurd

Summary:
The “pure” or “originary” interest rate is positive — always and everywhere. It cannot disappear, it cannot go to zero, let alone fall below the zero line; https://davidstockmanscontracorner.com/?p=335908&preview_id=335908&preview_nonce=55929a4572&preview=true

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The “pure” or “originary” interest rate is positive — always and everywhere. It cannot disappear, it cannot go to zero, let alone fall below the zero line;

https://davidstockmanscontracorner.com/?p=335908&preview_id=335908&preview_nonce=55929a4572&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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