Murray Rothbard would be turning in his grave. The American economist wrote in his 1983 book ‘The Mystery of Banking‘ that central bank intervention was often disastrous. Whether the latest round of stimulus, which has generated a slew of negative rates globally, will end badly is yet to be seen, but it’s already turned the most basic investment concepts on their head.
http://www.bloomberg.com/gadfly/articles/2016-07-14/how-central-banks-inverted-the-world