We delve into the implications of negative interest rates, and what they are really saying about the soundness of the financial system. In short we have too many rich people doing nothing productive with their wealth.
I am the opposite of a redistributionist, and the unintended consequences would be off the charts, but it would be interesting to see what Elon Musk could do with all this unproductive capital earning negative real rates around the globe being that he is always trying to push the envelope of the possible from a creativity standpoint.
Give me a "Bad-Ass" who fails in pushing the envelope over a "Passive Capital Hoarder" any day of the week.
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