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The Cultural Consequences of Negative Interest Rates

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Tags Global EconomyMedia and CultureMoney and BanksAustrian Economics OverviewMonetary Theory

12/03/2019Jeff DeistRahim Taghizadegan

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 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

Authors:

Contact Rahim Taghizadegan

Rahim Taghizadegan (info@scholarium.at) is director of the academic research institute Scholarium in Vienna, Austria, lecturer at several universities and faculty member at the International Academy of Philosophy in Liechtenstein.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; twitter.

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