Warning: Digital Currencies Portend Deeply Negative Interest Rates

As a matter of Technocrat policy, “If people can’t hoard physical money, it becomes much easier to cut rates far below zero.” This means your banked funds risk being plundered at the will of the policy makers. Eventually, all money accrues to the takers while the depositors see their wealth vanish. ⁃ TN EditorInvestors have been ignoring progress toward government-issued electronic money, even as many countries are progressing rapidly toward their own online cash. They sh