Bernanke is having the opportunity to test out his theories.
It is amazing to now read those early 2000 era Bernanke speeches, and while doing so, to check off each of those mentioned (and previously thought to be radical) deflation-fighting tools Bernanke has ALREADY utilized. There are only a few left in his “playbook” that he hasn’t yet employed.
It probably will get to the point where the FOMC simply has the US government print and dump money on America, for example, such as sending a “cash card” to each and every American containing a balance which each of us must “use or lose” effectively forcing all Americans to spend money which we’ll also eventually have to pay back in taxes.
