Stop running with the inflation hawks, and lower the discount rate to (your choice, Ben, perhaps -5?) percent…
Hoarding zombies won’t be too keen on piling up more losses, so they might decide to be good, but courage, like unemployment, apparently is no longer in the Fed’s remit…
Ben wants to be seen as winding down, preparatory to being really semi-tough, so up goes the discount rate, markets think uh oh, the party’s over, and the economy tanks for another year (or three or four)…
Gorilla says: “Break through the zero bound and save America from itself!”
