Monday, November 2, 2015

Cold, Hard Cash

Microwaves thaw faster than stovetops.

Negative interest rates (or the threat thereof) are encouraging Swedes to hoard cash. Curious.

It's my impression that most ordinary folks don't pay very close attention to the deliberations of central bankers. Only when inflation runs amok or oddities like negative interest rates show up will the casual observer take note. Stuffing currency into mattresses or switching to barter systems are gentle revolts against the monetary authority. I occasionally wonder what the 21st century version of torches and pitchforks would resemble.

Perhaps we'll find out in Viking country.

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Do you have suggestions on where we could find more examples of this phenomenon?