Quote:
Originally Posted by JonnyBGood
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Believe is a nice word. The Onion (yes, Shindler-Akerlof-Animal-Spirits) put it along the lines "every American deserves a false sense of security".
Liquidity trap is really what the likes of Lucas and Krugman are fussed about; a lot of people find a liquidity trap a relatively uncomfortable a state. Libertarians call it "slow adaptation".