> Keynesian economists have been hilariously baffled by Japan's situation for decades now Keynesian economimists understand what's going on perfectly well. It'

> Keynesian economists have been hilariously baffled by Japan's situation for decades now Keynesian economimists understand what's going on perfectly well. It's the mainstream Chicago school economimists that can't gasp what's going on. Because Keynesian's totally know what a liquidity trap is. Keynes would easily understand that monetary stimulus in a liquidity trap just results in capital imposing larger and larger burdens on the real economy. Put the due where it's due. The ideological followers of Milton Friedman the dummkopfs you're talking about here.