Mises Daily Wednesday: Sub-Zero Interest Rates as an Endless Daylight Saving Time

Tags: Business Cycles, Booms and Busts, Money and Banks

03/11/2015 Mises Wire Mises Institute

Mises Daily Wednesday by Brendan Brown

Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it back.

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