Bernanke en la trampa de la liquidez

Interesante carta semanal de John Hussman sobre la trampa de la liquidez y la política de la Reserva Federal.

Empieza con esta cita:

"There is the possibility... that after the rate of interest has fallen to a certain level, liquidity preference is virtually absolute in the sense that almost everyone prefers cash to holding a debt at so low a rate of interest. In this event, the monetary authority would have lost effective control."

John Maynard Keynes, The General Theory

La carta de Hussman, en el enlace