The Daily Parker

Politics, Weather, Photography, and the Dog

Turning Japanese

I've given up for the evening attempting to configure a recalcitrant firewall. To cheer up, I turn to Paul Krugman, who reminds us that a 0% Fed rate means we're in trouble:


That's zero interest rate policy. And it has arrived. America has turned Japanese.

This is the thing I’ve been afraid of ever since I realized that Japan really was in the dreaded, possibly mythical liquidity trap. ...

Seriously, we are in very deep trouble. Getting out of this will require a lot of creativity, and maybe some luck too.

At least I think I've figured out where I mis-configured the firewall....

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