&gt; The only way to benefit is to borrow and invest that money, which is exactly what the fed wants (with the expectation that productive investments will boost economic growth).<p>Isn&#x27;t this a foolish proposition, considering the out of control speculation that occurred when interest rates dropped to near-zero? With negative rates, banks will only be rewarded further for acting recklessly.<p>I think the honest thing to do would be to let all of these irrational and highly-leveraged investment environments collapse so that we can have a chance of starting over with a clean slate.