Mises Wire

Not-So-Modern Monetary Theory

Money and Banks

Blog10/08/2019

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

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Negative Interest Rates: How Low Can They Go?

Money and BanksMoney and BankingPolitical Theory

Blog12/29/2016

Negative rates can work because the opportunity cost of holding physical cash is not zero. Abolishing large banknotes further increases the cost.

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