27 May '16, 4pm

Why the Global Economy Needs Open Blockchain Assets to Fight Negative Interest Rates

Why the Global Economy Needs Open Blockchain Assets to Fight Negative Interest Rates

The world economy is in a fascinating period. It is an encouraging time for those hopeful about Bitcoin and other open blockchain-based systems, but many high-level decision-makers still must be persuaded of this technology's global impact. The United States seems to be doing fine in the aftermath of 2008’s Great Recession. Despite technological change causing some workforce pain, the U.S. economy is doing well. But other parts of the world are still feeling some nasty economic aftereffects. Some might say this is due to colorful central banking policies. One of these policies is negative interest rates imposed by various central banks around the world. The idea of negative interest rate policy becoming normal is concerning, as this could set a dangerous precedent for the global economy. At the same time, it provides an opportunity for alternatives to thrive. Negative inte...

Full article: https://bitcoinmagazine.com/articles/why-the-global-econo...

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