“Negative Interest” Is the Latest Government Scheme to Deter Saving

Sweden’s central bank has introduced a controversial new measure that will deter its citizens from saving. The oxymoronic “negative interest” now paid out on tax accounts is technically designed to stimulate the economy. In reality, all it will do is encourage people to spend rather than save, boosting government figures for economic growth while disadvantaging society. It’s merely the latest example of governments debasing their citizens’ savings in favor of debt-fueled consumerism.

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