In every culture, low interest rates impact the fabric of society and mindsets in distinct ways. Each country thus develops its unique manifestation of nihilism.
Interest rates are the mechanism by which risk links the world of economics and society.
Negative interest rates have a pernicious effect on human beings. They corrode the structures of society, culture and people’s mindsets, triggering widespread resignation and even nihilism.
We now witness the marks of the inverted universe of ultra-loose monetary policy and lax central banking.
Don’t blame the French for seeking to pursue French interests and see to it that the French economic model prevails in Europe. But Berlin acts imprudently by accommodating that desire.
The Federal Reserve going about the process of tightening in the wrong way could have severe global repercussions.
The need for action is clear, but count on it being “papered over.” Reflections on the G20 Hangzhou Summit.
Janet Yellen should be more assertive on interest rates.
By raising real wages, Germany has launched itself into a new period of growth.