Inflation is already compound negative interest to cash that you own.https://twitter.com/NickSzabo4/status/1155580113678811136 …
True that. It just becomes a lot more blatant when the interest rates are nominally as well as really negative.
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Numbers are truly amazing. When % down to 99%, human reads it as still 1% left, in fact it was down super many folds....
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It also requires a substantial number of draconian and unprecedented measures to make it work, made possible only by digital centralization of control over the particulars (who owns what), not just the generalities (e.g. controlling the overall money supply) of our money.
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why are they pushing so hard for this, if they could have just increase inflation? it's not in their interest to make people angry.
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I'm not sure, but central bankers seem to believe they can't create more inflation in the major currencies, that the international markets are too sophisticated and will penalize financial companies and economies using that currency more than it's worth.
End of conversation
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