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A comment on What is the fuss over central-bank digital currencies?. Parent comment

Re:What is the fuss over central-bank digital currencies? by pjc50 on Saturday February 20, 2021 @03:11AM (#26202511)
Negative rates are only popular because the technocrats can't get expansionary fiscal policy to happen. Because Eurozone governments are boxed in with debt rules.

The only way out of this to getting money circulating in the real economy is to go after the giant concentrations of wealth that are distorting the situation so badly.

[ Parent | on HN ]
Re:What is the fuss over central-bank digital currencies? by imtringued on Saturday February 20, 2021 @01:49PM (#26206697)
Yeah, the central bank only has a hammer (interest rates) but its supposed to do jobs that require screwdrivers. That's why it gets dumber and dumber. At some point you apply so much force on your hammer that it can drive screws. That's the idea behind negative interest rates.
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