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When a Danish company goes to borrow money from a bank, they still pay interest to the bank, right? The bank has to pay to stash their money with the central bank, but they make money if they lend it out. Hence they're incentivized to lend rather than stash, which is the desired policy outcome...

That was clear when he claimed Obama was wose then Hitler in his first reply, clearly never heard of Goodwin's law. It's really pathetic in a way, the guy clearly spends his every waking hour obsessing over Obama and figuring out a way to work that into every conversation he inserts himself...

Again it's counterintuitive that raising short rates causes ten year rates to come down, so I don't think it's something you can just throw out without explaining why. Correlation is not causation, and I don't even see a correlation argument from the graph above which is talking about the 2...

Again, where did your exact 93% number come from? I see it nowhere in the information you provided? In fact the additional information you provided conspicuously excludes stocks, which presumably made up the majority of the 1984 Swedish marketplace volume. That seems to indicate that you...

Why would they be less likely to lend? As you said that's counterintuitive.

Again, awesome data. Thanks!

Again with those pesky facts, something you really need to work on there tommo. Where exactly did your 93% drop in trading volume in Sweden number come from? According to the most referenced academic paper regarding the matter, "50% of all Swedish trading had moved to London."...

How? I hear a lot of apocalyptic pronouncements surrounding negative interest rates but no specific list of ill effects. I'm sure there are some, but I haven't seen any specifics.

That seems to be a trend among the reality fabricators. To paraphrase the last far right wing candidate to get the republican nomination, apparently making stuff up in the defence of liberty is no vice. I happen to think most of Sander's economic ideas are bat*%@ crazy, in fact so crazy that...

There was a line of discussion as to what level of FTT Sanders had proposed. The amount matters, even though as I said I think it's a bad idea overall. You threw out a number saying that Sanders was ""rumored to be" pushing it, providing a Daily Caller article as backing that said no such thing...

This is a great example of how a biased source quoting another biased source can completely disconnect their version of reality from the real world and not even be aware of it. If you actually read the Daily Caller article, it declines to quote Sander's actual position and instead says "FTT...

I'd be curious what examples you have of a tax, a straight up tax, being imposed by executive order? We get it, you don't like President Obama. Since this conversation isn't about him, he hasn't proposed an FTT, and a basic understanding of executive orders make the concept you propose...

You really need to understand the very loose federated political system in Switzerland to understand this story. Its nothing like the Banjos of the world interpret it to be.

Care to provide any reasoning behind that bold pronouncement, or we just take your word for it?

I've worked with several Americans who fit that same profile. In fact I'm an American who sees things very analytically, as probably most people on this forum do as well!

Wow, such anger over a post on tax law!

Again, you've spend a grand total of how much time in Germany? I find the 'Murican types have such strong views of the rest of the world but most have never even left their little corner of country, let alone spent enough time in another country to form a fact-based opinion. That's sad, because...

Have any of you actually spent any significant time in Germany, or anywhere outside 'Murica? Just curious.

In general US law taxes gains or income, so why would you expect assets, regardless of where stored, to generate tax revenue? This whole "controversy" is entirely manufacturered as far as I can tell.

I didn't say the law and the code take you off the hook for a debt, at least that's not what I intended to convey. I disagree specifically with the statement that "The IRS doesn’t care that the debt is paid that way ..." The IRS very much cares and you're on the hook for some pretty big...