>Which would use that money to invest in things, like always.
No, people only invest if they see a return. If the return is too low they will simply hold onto the money since interest rates can't go negative too deeply. Your idea only works in a fantasy land with mandated equilibrium. In the real world people don't care if there is an equilibrium or not.
No, people only invest if they see a return. If the return is too low they will simply hold onto the money since interest rates can't go negative too deeply. Your idea only works in a fantasy land with mandated equilibrium. In the real world people don't care if there is an equilibrium or not.