[Population: One] <A HREF="http://popone.innocence.com/ar

[bryant]

I mentioned Paul Krugman’s piece on liquidity traps last month — I’d link to it again, but the NYT doesn’t have free archives. Pity. However, thanks to MetaFilter, I can show you this paper (PDF) from the Dallas Federal Reserve. It’s a nice clean explanation of liquidity traps along with some speculation about ways to fend off the one we’re about to hit.