Just when we were getting used to ZIRP, and perhaps naively thinking that we were actually going to see a rise in interest rates, along comes the possibility of Negative Interest Rate Policy (NIRP), which is already happening in Europe and Japan.
How The Feds Nuclear Option Is Threatening Our Economic FreedomQuicklink Submitted By Scott Baker 9 comments
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Just when we were getting used to ZIRP, and perhaps naively thinking that we were actually going to see a rise in interest rates, along comes the possibility of Negative Interest Rate Policy (NIRP), which is already happening in Europe and Japan.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
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