The Social and Economic Side Effects of Negative Interest Rates

by Pascal Hügli

Our world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and supply chains to the noble goal of sustainability, and more and more parts of our society are discovering ecologism as the most meaningful political religion of our time.

At the same time—and this reveals the extent of the schizophrenia—our current economic structure is showing serious anomalies that are diametrically opposed to meaningful sustainability—first and foremost negative interest rates, which are increasingly eating into the structure of the economy and are turning the world upside down.

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