IMF doesn't give a f* anymore..

"In a cashless world, there would be no lower bound on interest rates. A central bank could reduce the policy rate from, say, 2 percent to minus 4 percent to counter a severe recession. The interest rate cut would transmit to bank deposits, loans, and bonds. Without cash, depositors would have to pay the negative interest rate to keep their money with the bank, making consumption and investment more attractive. This would jolt lending, boost demand, and stimulate the economy."

For everyone who has still some brain cells left, this is a good time to buy bitcoin!

Edit: Source: https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

Submitted April 21, 2019 at 07:45PM by BTCkoning http://bit.ly/2DrmXXl