Negative interest rates are dangerous

We live in a reversed world: In times of negative interest rates, saving is no longer worthwhile. It becomes attractive to get into debt.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).