OK yes, this is true. Which is why some people think that the zero lower bound really isn't exactly at zero. Doing this is a huge pain in the ass: http://stati

OK yes, this is true. Which is why some people think that the zero lower bound really isn't exactly at zero. Doing this is a huge pain in the ass: http://static2.businessinsider.com/image/521246dbecad045f3b00001b-960/breaking-bad-money-pile-1.png http://static2.businessinsider.com/image/521246dbecad045f3b0... Estimates vary as to what the de-facto zero lower bound really is, but it's still there somewhere. You can see this in the data. The Fed REALLY DID have trouble drumming up inflation through monetary policy over the last several years.