What are we currently missing but is going to seem obvious in retrospect about the implications/significance of negative interest rates?

Jan 10, 2020 路 1:50 AM UTC

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Replying to @sama
That it was one harbinger of a massive, global reset in the international monetary and financial system. (Of which we will be the catalyst, btw).
Replying to @sama
I think we're missing that negative rates are a symptom of a broken system, not an exception to time preference or the time value of money. I like how George Gilder uses information theory to describe money as a communications channel. Negative rates would be distortion and noise
Replying to @sama
More asset bubbles, more consumption, more waste leading up to the realization of the importance of a truly scarce, wealth preserving asset. Bitcoin.
Replying to @sama
Keyness was wrong
Replying to @sama
That there's no way back [once u cross 109% Debt-to-GDP] / Japan
Replying to @sama
That mature encompassing discussions about proper use of fiscal policy in public finances were made taboo by #AtlasNetwork-funded conservative think tanks and that -ve rates (and sub-optimal impacts) were collateral damage of the former.
Replying to @sama
Somebody is going to come up with a clever financial instrument to avoid them. In retrospect it will be obvious; of COURSE money now is worth more than money later and there's no reason anybody would put money into something that earns negative interest.
Replying to @sama
A perpetual bull market is both possible and has disastrous long-term consequences.
Replying to @sama
The smart ones will switch to a barter economy.
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