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Friday Fun Thread for May 17, 2024

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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I think you thought I was asking about a different comment of yours? I was referring to this comment:

The Fed learned how to operate at the 0 lower bound. The only thing that ended the 2008 expansion was Covid and that was a choice by policymakers to cause a recession. Without getting super long winded because the subject matter is a PhD thesis the evidence seems strong as we have gone thru a 14 year expansion which also included planning a short recession and rapid recovery.

The 0 lower bound is when interest rates hit zero. The Fed has traditionally eased or tightened monetary policy by changing interest rates.

They now have policy frameworks to use when they can no longer ease by cutting rates lower since rates are already 0.