Mary Malone works in retirement plan consulting. 

Jessica Hill

Jessica stewards the Institute’s IT operations and security posture, advancing practical security standards and opera

Help the Institute Build a Brighter Future

Like never before, we are threatened by a terrifying axis of a left-controlled government and proudly progressive corporate power. In 2020, Big Tech has escalated its attempt to control the narrative. The result? Mises Institute Google links are becoming harder to find. Social media reach is getting harder to achieve. Videos are disappearing from YouTube completely.

Luckily, people are responding.

Today’s Negative Rates Are the Path to Poverty

Almost Daily Grant’s (ADG) made the pronouncement on December 14th that a “new benchmark in financial repression” had been set: ”a record $18.4 trillion in global debt is priced to yield less than zero, up from less than $8 trillion in March and a five-year average of $10.3 trillion.”

ADG consulted interest rate historians Sidney Homer and Richard Sylla, who opined, “nominal negative yielding debt had never been seen in material size in the 4,000 years of interest rate history prior to the current cycle.”