Must-Read: Lars E.O. Svennson (2003): Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others: “Existing proposals to escape from a liquidity trap and deflation… …including my Foolproof Way,’ are discussed in the light of the optimal way to escape. The optimal way involves three elements: (1) an explicit central-bank commitment to a … Continue reading Must-Read: Lars E.O. Svennson: Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others