Negative Interest Rates

Negative interest rates are immoral.

Interest rates are the price of the future.

Governments do not have authority to set prices. If the government tried to make me sell my house for $10,000, I would be very upset. If they set the price at which I could sell my car at $1000, I would be sure that was wrong.

Most people would prefer to put their house or car on the market and see what they could get. By forcing me to sell at a set price, the government is robbing me of the difference between that price and what I could get on the market. The ability to set prices, allows the government to rob one person for the benefit of another. Setting prices is a form of theft.

Setting a negative price for the future, governments are expressing a lack of confidence in the future.

By setting the price of money, the government is stealing from some people, for the benefit of others. By setting a negative price for the future, the government is robbing some people for the benefit of others. Debtors benefit, whereas savers suffer.