Modern times
The Wikipedia article on liquidity traps is about 1,000 words long.
The article on Dance Dance Revolution is about 4,000 words long.
I suggest you read the one about liquidity traps. It is...topical.
posted by The Front at 6:02 PM
3 Comments:
http://www.somethingawful.com/d/news/wikigroaning.php
At first glance, the allocation of words to these different topics would appear to be all out of proportion to their importance.
But I've been walking around for sometime now, and I've never passed a "Liquidity Trap" machine that I could play for 50 cents.
Not that it's not a good idea, mind you.
On the merits, I am no number cruncher, yet much to your surprise, I have an opinion. The liquidity trap gobbled up the Japanese; I wonder if this is partly a cultural matter in a savings-crazy, conformist culture. The American instinct is to act, rather than sit there, to loan, rather than put it in a sock. So the question would be: is the economic culture - which is as always codependent on the political culture - more powerful than the numbers?
My gut says yes. My wallet however suggests my analytical skills are lacking.
I wager 20 New Dollars that in another 20 years there will be a popular computer-type game called "liquidity trap, liquidity trap revolution"
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