When does economic war turn into real war?

Socialism is state controlled enterprises. It is a stretch to call Bernie Sanders that kind of socialist. Just FYI.

However, Cullen, as we move to a cashless society, (which may or may not come true), the very poor will have to be taken care of by government even more, as they have a tenuous, at best, relationship with banks.

I am curious if Bernie is sincere in his war against banks or is he just greasing the way for negative interest rates and cashlessness? I may be a bit too conspiratorial about this but it is worth looking into.

So, I am confused. The car is a piece of junk to fix, and yet at the end of the article it gets the author's endorsement? One thing I did learn is surely Tesla didn't pay for being named the "perfect" car. Surely. :)

Certainly Market Monetarists and others have leveled the charge that the Fed is applying a deflationary tool. But the New Keynesians seem to have come to terms with the eventual application of negative interest rates in a deflationary environment. While I am not totally comfortable with Market Monetarism because of its complexity and potential for misuse, the NK's are crazy. This march towards negativity is fraught with peril and is madness, IMO.

I don't offer financial advice through this article, Atiqu. But surely caution is important. Watch what the Fed does about interest on reserves. Slow growth and a cautious Fed are likely to continue as long as the big banks receive payment on reserves. The Fed contradicts itself by, on the one hand, saying it worries about banks lending below the Fed funds rate and then saying it is unlikely they would. So which is it? Seems like the Fed simply wants any excuse to insulate the big banks regardless of the effects on the economy.

Yes, Charles, I always argue that the Fed is about bonds and banks. It used to be about the USA in WW2. I hope there are not dark reasons for that change of attitude. I really do.

It is against the law to own a car in California that does not have a steering wheel. I suggest other states will soon follow California's lead. Some say Musk is a visionary, but I think he is delusionary. That could become a word someday, replacing delusional, but it rhymes. I am concerned about the economic warfare that could be waged against the world and against US citizens with the advent of self driving cars.

Agreed, but the Fed lifted heavily during WW2 and can lift again if it wants to do so. I just don't think it wants to.

Perhaps there is not enough gold as collateral but bonds are in massive demand for collateral. Not sure that will change as the price of bonds goes up.

This war of the negative rates could turn violent. I hope it won't..

The thinking is that people will spend if they have to have their money in the bank, in a cashless state, but what if they hunker down and spend less? What if people just save more when they see negative rates as being dangerous and unstable?