The Origins of Interest

Interest is one of the oldest institutions known t to man. Throughout all these millennium we can trace interests being charged. There's never been a time when real interest rates have been negatived for significant periods of time. What we saw in the last decade is not only interest rates being held in the us, and uk, nominal policy rate, short tem rates down very close to zero por a long, prolonged period of time. But a but negative rate in europe and japan.