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Digital Currencies Pave Way for Deeply Negative Interest Rates
source link: https://www.wsj.com/articles/digital-currencies-pave-way-for-deeply-negative-interest-rates-11631091581
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Digital Currencies Pave Way for Deeply Negative Interest Rates
If people can’t hoard physical money, it becomes much easier to cut rates far below zero
What El Salvador's Bitcoin Experiment Looks Like
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What El Salvador's Bitcoin Experiment Looks Like
Updated Sept. 8, 2021 6:11 am ET
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Investors have been ignoring progress toward government-issued electronic money, even as many countries are progressing rapidly toward their own online cash. They should ask two questions: Will the Federal Reserve issue a digital dollar? And will it eventually replace physical bank notes?
I think the answer to both questions is yes, and those who agree should be assessing the impact on future monetary policy already, because dramatic change is likely within the timespan of the 30-year Treasury.
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