I will post this comment here, since I have made comments there as well, and it can thus be seen in this wider context.
I don't want to paint Brooks in a more unfavorable light than Krugman. That, for me, would be unfair.
"Professor
Krugman's Traps are traps for the unwary, or the unlucky.
His Liquidity Trap is, metaphorically, bottomed by a trap door, down down down, yet into another, somehow lower, economist trap, The Globalization Trap; and its trap door, yes it has one, then, by circuitous routes and paths, then becomes a chute, down down to another trap door, and beyond that fateful trap door, is the realm of Hell.
All the best"
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