Author dave berry, lets begin where you begin in yourst book is to state ever. What is wrong with the state of florida . We do have a reputation for stupid ear to people, and there are many people doing stupid ear things here. But my argument is it is not our fault. The example i gave, and i know i apologize personally but there was a famous example couple ofcp years ago where a woman was driving south on the overseas highway in the key west and according to the Highway Patrol report was in a hurry to get to key west because she wanted to see her boyfriend and shave her bikini region in preparation so a lot of people would pull off to the side of the road just for that. But again she was in a hurry soh she outsourced the steering of the car to the person who was the passenger whapassenger who s her exhusband. Very florida detail. [laughter] so they are going south, shes operating the accelerator, he ih operating the car and she is shaving. What can go wrong. The car in front of them, o
To raise rates it could increase in inflation. He doesnt conclude that would happen but we need to think about that. He repeats kind of the normal argue amount for raising rates and says f1 policy remains extreme and inflation is close to target. Not strictly endorsing but saying thats the normal argument for why rates should be normalized. Former Federal Reserve chairman ben bernanke out with a blog about negative Interest Rates and says the fed is not out of ammunition but there are signs Monetary Policy is reaching its limits. They include lowering rates but not much to do there. A quarter point. Forward guidance could be powerful. More quantityive easing and negative Interest Rates. What does he say sna that evidence from europe suggests they might be more powerful than had previously been thought and argues anxiety over negative rates could be overdone. Banks could still earn a profit by charging a higher rate than they pay. Bernanke also says negative rates have modest benefits a