Our high levels of malinvestment mean that negative interest rates will not have the steroidal effect that's hoped for. But they will deliver another few years of subpar debt-fueled economic activity.
Max Rangeley
Max Rangeley is the founder of ReboundTAG and The Concept Place. He sits on the board of 3 think tanks: The Ludwig von Mises Institute (Europe), The Cobden Centre, and the Initiative for Free Trade.