Lee Adler: The ECB Policy to Charge Interest on Reserves is a Con

July 20th, 2014
in econ_news, syndication

Why the New Policies of the ECB Won't Work

EconintersectGEI contributor Lee Adler, publisher of the Wall Street Examiner, makes several video presentations a week for his subscribers and issues some of them for the general public.  Saturday he posted on YouTube a presentation from 13 June 2014 which discusses the operations of modern monetary systems and the latest maneuver by the ECB to charge 0.10% interest on excess reserves.  He walks us through banking operations to show why this supposely revolutionary negative interest rate is actually just smoke and mirrors.


Follow up:

John Lounsbury



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