> To me the biggest mystery about the 2008 crisis is why so much QE has resulted in so little inflation. The IS-LM model has a phenomenon called the "(Hicksian) liquidity trap" *…
> To me the biggest mystery about the 2008 crisis is why so much QE has resulted in so little inflation. The IS-LM model has a phenomenon called the "(Hicksian) liquidity trap" *…