46. Jamie Irons:

That is, in the set of possible interest rates, you just can’t go any lower.

So what then?
………..
beats me. I understand that the general idea is to offset massively deflating economies (due to massively shrinking debt to equity ratios by private banks) with massively inflating government fiscal and monetary policy.

I don’t know how it will play out. Likely a lot of the federal fiscal dollars will be pissed away. Hopefully some of the federal fiscal dollars will be high powered.

Monetary policy may do more good than fiscal policy. But that’s just my wag.