Sure, interest rates are negative, but so are some prices, and when you look around, they're everywhere
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Pushkin/ShutterstockOn December 10, it finally happened. Instead of demanding an interest payment from the government in return for lending it money, a group of investors offered to pay the government in order to lend it money.
Naturally enough, the offer was accepted.
The government needed A$1.5 billion which it promised to repay on March 26.
It...