THE PATHETIC DILEMMA KRUGMAN LOW RATES LOW INFLATION PATHETIC LOWNESS

"...And can we talk about more interesting implications of the economy's apparent need for low real interest rates on average?..." PK

One implication: 2% inflation target wrong. BC zero lower bound episodes would be rare, RARE.

That has somehow, against all statistical odds, proved to PK's satisfaction not to be the case now.....

We need a higher target so real rates can go lower WHEN LOW THINGS HAPPEN TO GOOD PEOPLE.

Forget about Lester Thurow liberal dreamland zero sums shit!

You're in:

THE ZERO ECONOMY