The Cultural Consequences of Negative Interest Rates

Negative interest rates are now entrenched reality in Europe, and not just for buyers of sovereign or corporate debt – even retail savings accounts are affected. What does this mean for real people trying to save for retirement? And more broadly, what does it mean for Europe culturally? Not to mention America, since Alan Greenspan tells us negative rates are coming here soon? Our guest Rahim Taghizadegan (mises.org/taghizadegan) from the independent Viennese Scholarium joins the show to discuss the anti-economics of negative rates. He is co-author of a new book titled The Zero Interest Trap. He is also a co-author of Austrian School for Investors. Scholarium: scholarium.at The Zero Interest Trap: www.amazon.com/Zero-Interest-Trap-Ronald-Stoeferle/dp/3902639504 Austrian School for Investors: www.amazon.com/Austrian-School-Investors-Investing-Inflation/dp/3902639393