Hitting Zero: 700 Years Of Declining Global Real Interest Rates
by Jan Nieuwenhuijs via Voima Gold A recent study by Yale economist Paul Schmelzing suggests that global real interest rates “could soon enter permanently negative territory.” In Mesopotamia around the third millennium B.C. there were two types of money circulating: barley and silver. The interest rate on a barley loan was usually 33%, whereas, on silver, it was 20%. At … Read more