So bad fiscal policy and regulatory policies have us finally at the end of the road? Going negative? Since people won't spend and are so intent on saving they will force their hand or punish them so they become good little Keynesians ?
Well the only upside is that it won't encourage people to want a digital currency based system. Those little bank notes under the bed cannot be hacked, cannot be forbidden to be spent on specific goods or people, and cannot be confiscated out of bank.
So I guess this just really comes down to a case that over the top government borrowing is pulling so much money out of the markets that they need to force private investors to put money in
Well the only upside is that it won't encourage people to want a digital currency based system. Those little bank notes under the bed cannot be hacked, cannot be forbidden to be spent on specific goods or people, and cannot be confiscated out of bank.
So I guess this just really comes down to a case that over the top government borrowing is pulling so much money out of the markets that they need to force private investors to put money in