Zero/Negative Interest Rates => Enemy of the Industrious
Applying the work of John F. Nash, Jr. in his “Equilibrium Points in n-Person Games”; the market, by accepting zero or negative interest rates is NOT finding the equilibrium point for capital formation. The equilibrium point is found through starting in inflation adjusted terms. Then, the equivalent number of nominal units is calculated to derive pays and collects. Only then do the sums correctly reflect the real outcome of the transaction in the desired stable and known infl