Negative rates are not stimulative!!!

This is the fourth part of my INFLATION SERIES, and if you haven’t had the chance to read the previous three pieces, please check them out (INFLATION SERIES (Part 1), INFLATION SERIES (Part 2) and INFLATION SERIES (Part 3)) . In the first piece, I explored why Quantitative Easing does not necessarily cause inflation. Then in the second installment, I ex…

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