Illustration: Daphne Geisler for Bloomberg Businessweek)
(Bloomberg Businessweek) -- Negative interest rates from central banks come with costs. They’re blamed for squeezing banks, punishing savers, keeping dying companies on life support, and fueling a potentially unsustainable surge in asset prices. This isn’t lost on policymakers at the European Central Bank, who pushed a key rate below zero in 2014. But consider their position: Making money cheaper is the main tool they have to boost s...