Must-Read: Ryan Avent: How should recessions be fought when interest rates are low?: “ONE day… bad news will blow in… a new recession will begin… …During the next recession, the “zero lower bound” (ZLB) on interest rates will almost certainly bite again…. Broadly, economists see two possible ways out…. One is to change monetary strategy. … Continue reading Must-Read: Ryan Avent: How should recessions be fought when interest rates are low?