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salawat
on March 21, 2019
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A Beginner’s Guide to MMT
What exactly keeps you from implementing a negative interest rate?
I.e. some form of tax on held cash?
selectodude
on March 21, 2019
[–]
Nothing. It’s already been done. Sweden and the ECB used them for a few years.
salawat
on March 22, 2019
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Okay. I thought that was the case, and frankly, it's the only mechanism that even comes close to making MMT make some sort of sense, since that could act as a monetary black hole... I think.
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I.e. some form of tax on held cash?