I was about to headline this "Banker, Princess, Warlord," just another girl from West London, but realized that's a different story, at the Economist, about Syria’s First Lady.
From the Twitter feed of Izabella Kaminska:
For those who don’t know, I’ve been covering this topic since at least 2012. I am also one of a handful of mainstream reporters that was openly concerned about the socio political consequences of these ideas. I very early on termed it “Gosbank risk”.
— Izabella Kaminska (@izakaminska) October 26, 2022
You see at the time, the world was facing deflationary forces and the limitations of the zero bound. The idea of negative rates was still novel and many worried that without the ability to charge negative rates on a consumer level it might be hard to stimulate things further.
— Izabella Kaminska (@izakaminska) October 26, 2022
....MUCH MORE (THREAD)
