Will negative interest rates help revitalize our economy?
Some of you have never heard of negative interest rates, like me, while other have. These are some wild times in our economy so some people are suggesting that the Feds lower the interest rates in the negative to help our economy. The first question you probably have is what do negative interest rates mean? Negative interests mean that you will have to pay a monthly fee to the bank to keep your money in which it will encourage you to spend your money, which is the goal, or just keep it in a safe at your house. On the bright side, the taking loans will be easier because you don't have to pay any interest rates so if you want to get a loan to buy a house, just do it. In theory, negative interest rates should help our economy because increased consumer spending means higher sales for companies, and some examples of these implementations can be seen in Japan and Europe. However, there is a discussion whether or not America should actually enact negative rates. President Trum...