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Creativity  ·  3270 days ago  ·  link  ·    ·  parent  ·  post: Admit it: you know nothing about economics.

    Britain is in a liquidity trap I'll say "well, that's a piece of jargon coined by economists to make you think they know something you don't when in actuality what they mean is 'does Britain have enough spending money'"

I disagree here. A liquidity trap is a situation where the monetary policy of the central bank is unable to increase GDP because more money will not result in lower interest rates, as they are already near zero.