Skip to main content

Posts

Showing posts from December, 2018

Why negative interest rates are a good idea.

Interest rates are never a "trivial issue". But first, let me state that I don't trust the idea of government. It's the system of power that's outlived its current Constitutional form's feudal birth. Historical "democracies", including our own, built their societies on authority asserted by violence in the form of land expropriation, tribute, and slavery. Government provides violence to enforce injustice at the tip of the pen and the sword. The unjust assertion of absolute authority over any geographical area is how the concept of property, something that is "one's own", has been applied to the Earth. Why would I want to grant this system of telling people what to do and who they have to pay to be allowed in society a money monopoly? I support a negative interest rate policy because credit is the just basis of value in a money, not the right to demand it as rent. The lower the interest rate, the easier it is for people to pay back the…