OmnigenceHistoryofFinance:AShort-LivedNegativeInterestRateExperimentof1936
Omnigence
History
of
Finance:
A
Short-Lived
Negative
Interest
Rate
Experiment
of
1936
Alberta Prosperity Certificates were issued in 1936 as a provincial experiment in printing money had the novel feature that it carried negative interest rates via the requirement for certificate holders to purchase and affix a one-cent stamp every week to maintain the note’s validity.