> The longer interest rates stay at zero, the longer this assumption gets baked into the structure of the economy and the more chaos that'll be unleashed when a

> The longer interest rates stay at zero, the longer this assumption gets baked into the structure of the economy and the more chaos that'll be unleashed when and if they finally go up. […] > If everybody has an incentive for rates to stay low, they will stay low. This ends in hyperinflation. Japan has had rates ≤1% since April 1995: * https://fred.stlouisfed.org/series/INTDSRJPM193N https://fred.stlouisfed.org/series/INTDSRJPM193N The rate was 0.1% for five years (2001-2005). Japan's inflation: * https://fred.stlouisfed.org/series/FPCPITOTLZGJPN https://fred.stlouisfed.org/series/FPCPITOTLZGJPN