Yeah, exactly. At some point you have to think people will stop borrowing from the government entirely, and then the central bank is in the equivalent of an airplane stall - they can pull the lever all they want, but nothing will happen. When that actually happens is a question for a real economist.
Yeah, exactly. At some point you have to think people will stop borrowing from the government entirely, and then the central bank is in the equivalent of an airplane stall - they can pull the lever all they want, but nothing will happen. When that actually happens is a question for a real economist.