Zombie world with zombie money

The central banks' zero interest rate policy artificially keeps bankrupt debtors alive. In the end, confidence in money could dwindle.

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).