The Money Cult (ON NEGATIVE INTEREST RATES)

http://cluborlov.blogspot.com/2016/06/the-money-cult.html#more

But first let us back up a bit and answer several preliminary questions:

1. Why did zero interest rates become necessary?
2. Why are negative interest rates now necessary? and,
3. Why are negative interest rates a really excellent idea?*

* if you ignore certain unintended consequences (which is what everyone does all the time, so let’s not worry about them just yet).