Wednesday, 11 January 2012 7:37 AM ET
Better monetary policy and better coordination between monetary and fiscal policy is worth underwriting risk, says Paul McCulley, former PIMCO portfolio manager/Global Interdependence Center managing director
McCulley: We Are In a ‘Liquidity Trap!’
Former Pimco portfolio manager Paul McCulley says we need to accept that we are in a “liquidity trap” that requires “a whole different set of economic policies.”
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.