EconSpeak's Barkley Rosser shared his thoughts on the rise of negative interest rates as nations around the world started to adopt them. According to Rosser, bonds bearing negative yields has past $70 trillion this year, up from $56 trillion in 2012.

Rosser has been a fan of negative interest rates and has "even welcomed moves by central banks to use them." The economist believes there would always be a "vast majority" of positive interest rate assets; so it's "probably not a big deal," and if the economy started to grow more "solidly," negative rates would disappear.

Related Link: How Do Rising Interest Rates Affect The Average American?

Society May Have To Solve This Problem

Rosser will worry, however, if negative rates continue in the long term. The EconSpeak contributor warned, "If positive yield bonds become scarce, there will be a lot of things society will have to do, such as taking over insuring against fire, theft, and many other things." In other words, government may have to step in to solve the problems big government created in the first place.