Negative interest rates have been making big headlines lately, as several countries and big banks are now experimenting with the unorthodox monetary policy. While typically viewed as a last-ditch effort to shock some life back into struggling economies, these policies are getting a shiny new spin thanks to mainstream media outlets promoting government talking points and agendas. Instead of facing the ominous problems of inflation and devaluation of money, now there’s a new solution: normalize the negative, and sweep the consequences under the rug.
Also Read: Owning Fiat Just Got More Expensive – NIRP Strikes Again
Recently, news.Bitcoin.com reported on the current state of affairs globally in regard to negative interest rate policy (NIRP). More than ever, banks and national policymakers are experimenting with unorthodox cuts to interest rates, resulting in things like negative rate 10-year mortgage deals in Denmark, negative yielding bonds, bank closures and consolidations in…