Except even Fisher Black recognizes a potential currency trap at the zero lower bound and Fisher Black is someone who strongly believes in economic equilibrium.
At that point I can't help but think that most people who think capitalism works are delusional since this is such a fundamental problem with capitalism that can at best be handwaved with eternal inflation.
At that point I can't help but think that most people who think capitalism works are delusional since this is such a fundamental problem with capitalism that can at best be handwaved with eternal inflation.