The Zero Interest Trap
The Zero Interest Trap discusses questions such as, are there any paths at all by which politicians, investors, and society can get out of the zero interest rate trap unscathed? What are the economic, political, and social consequences that citizens and investors should prepare for? Was President Donald Trump well-advised to have called for zero or even negative interest rates? For the first time, this thorough analysis elucidates all economic and social consequences of interest rates that are at or even below zero.
