Financial Repression - Negative Interest Rates
Will Destroy Capitalism
Or Whatever Is Remaining Of "Capitalism""There cannot be any question of abolishing interest by any institutions, laws, or devices of bank manipulation. He who wants to “abolish” interest will have to induce people to value an apple available in a hundred years no less than a present apple. What can be abolished by laws and decrees is merely the right of the capitalists to receive interest. But such decrees would bring about capital consumption and would very soon throw mankind back into the original state of natural poverty."
- Ludwig von Mises (1881-1973)
LINK HERE to the essay