Mankiw asks if it is time to go negative

[reality_hammer]

Negative in terms of interest rates...which has the same effect as higher inflation. I'm a bit worried about that prospect. Both because it is a bit like strapping a rocket to you car to make it go faster (how do you turn it off?) and because I think we're headed for much higher inflation anyway. What will come of adding more fuel to that fire?

Comments

[peebeebaynut]

Just spend your money while it's still worth something.

The 1923 classic photo of a German woman putting Marks in the fire because they did not have enough value to pay for wood.