si hoc legere scis nimium eruditionis habes
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Switzerland is about to launch a huge experiment in 'the war on cash'
A huge economic experiment will begin in Switzerland and Sweden in 2016, and some people are calling it the "war on cash." Both countries have central banks that have imposed negative interest rates on their commercial banks, making it costly for those banks to store cash. The intent is to force the banks to lend out the cash, thus spurring the economy and a small amount of healthy inflation. But the two countries have very different attitudes to holding actual hard cash. So negative interest rates could have very different effects on the cash-free Swedes and the cash-loving Swiss. That, some right-wing economists ... (full story)
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