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And we're still stuck in it - at the worst possible time
There was never a liquidity trap, just the lie about liquidity leaving us in 2023 facing the same destructive money trap. For ten years the Bank of Japan had done what Paul Krugman had urged from the late 90s, yet only a couple years into it even Krugman was left looking for a scapegoat.
Eurodollar University's Money & Macro Analysis
Paul Krugman
Thinking about the liquidity trap http://web.mit.edu/krugman/www/trioshrt.html
Paul Krugman
Rethinking Japan
https://archive.nytimes.com/krugman.blogs.nytimes.com/2015/10/20/rethinking-japan/
Bank of Japan Announces Massive Stimulus Move…
The skinny
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