With spiraling inflation plaguing the globe in 2022, the mere thought of introducing negative interest rates could hardly appear more detached from reality. However, during the previous decade, several Central Banks took to this supposed 'radical policy' in an attempt to stimulate inflation and long-run economic growth. The results are less than sound. Unprecedented asset-price inflation, depriving younger generations of housing, has been one of the many unintended consequences of this disastrous policy.
Thank you for listening to the first season of Free Market Talk. We'll be back in September for Season 2!