Negative interest rates are here

Step right up and buy a bong that pays negative interest:

The U.S. government, for the first time, has sold bonds that have a negative rate of return, as investors seek protection against the threat of inflation.

The government sold $10 billion worth of the bonds Monday. Investors paid $105.50 for every $100 of bonds they bought, effectively agreeing to pay the government for the privilege of lending it money.

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Erich Vieth

Erich Vieth is an attorney focusing on civil rights (including First Amendment), consumer law litigation and appellate practice. At this website often writes about censorship, corporate news media corruption and cognitive science. He is also a working musician, artist and a writer, having founded Dangerous Intersection in 2006. Erich lives in St. Louis, Missouri with his two daughters.

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  1. Avatar of Ben
    Ben

    What is the government smoking?

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