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You may wish for that bulky wallet back after living in a world where cash is banned and NIRP is ubiquitous.


Why are you sitting on piles of cash (digital or otherwise) such that NIRP would hurt you? It's much more sensible to keep your long-term savings in non-cash vehicles. And your short-term, liquid holdings (rainy day savings fund) doesn't need to be so large that a -1% interest rate will hurt a lot.


And when the government enforces negative interest rates :-(


Exactly! That's what I meant by NIRP (Negative Interest Rate Policy).




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