Where slightly negative interest rates were the rule during the early and middle stages of an economic cycle, super negative interest rates were the rule in bubble phases of economic cycles. When those bubbles collapsed, loans then carried super positive interest rates with all the destructive forces to an economy demurrage loan theoreticians describe. As outlined by interest on the federal debt taking one out of five tax dollars in 1981, two out of four in 1986, and two out of five in 1988, super positive interest rates do create unpayable debts. We list negative interest webpages below for the browser's benefit. We feel negative interest can function well on the investment side of the ledger of an economy but not on the savings side.
Money saved is properly only a symbol for produced wealth.
Negative interest may have worked before the masses were brought within the money flow of an economy. But a modern economy dependent upon the individual savings of millions of people would accumulate no capital if savings decreased in value each year. Repayment of debt without its reloaning destroys money while money loaned properly to bring idle land, labor and capital together productively can create much more wealth than the loan value. Those whose money capital continues to grow will eventually get old and their money will eventually be dissipated back into the economy for sustenance in old age or through inheritance. Thus a money system designed for equality and creation of long lasting, highly socially useful.