Quick, I need someone who understands economics! In four words or less, how should I feel about zero percent interest rates?!
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Inflation is probably not a concern at current margins, at least from monetary policy. I saw a claim that TIPS rates were implying ongoing /deflation/, which is super bad mojo in a crisis.
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in 08 a major concern was related to moral hazard (if we bail out banks are they just gonna lever up again and fuck us once more) and that also doesn't really apply right now the greater risk is a rapid contraction made worse by agents hoarding cash
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