“At the beginning of the financial crisis, there was much talk about financial repression — the ways in which policymakers would seek to control the use of our money to deal with out-of-control public debt .. We’ve seen capital controls in the periphery of the eurozone … Interest rates everywhere have been at or below inflation for seven years — and negative interest rates are now snaking their nasty way around Europe .. This makes debt interest cheap for governments .. and it forces once-prudent savers to move their money into the kind of risky assets that are supposed to drive growth.” – Merryn Somerset Webb in The Financial Times
link here to the article

Disclaimer: The views or opinions expressed in this blog post may or may not be representative of the views or opinions of the Financial Repression Authority.