It’s all still a big experiment, and I wonder how it will all play out.

Neutral rate. But how can something be neutral when someone is pulling its strings. 

It took me awhile to wrap my head around this. It's easy to think that the mistake must be that the rate was either set too high or too low, when the problem is that it's set at all.

It's very similar to the debates around open vs closed borders.

Undisciplined

But it sounds good. Like everything is in balance, as it should be. It feels almost Yin and Yang. The fed will bring us to perfect harmony just trust in them. 

I feel zen just thinking about it. I think it should be rebranded to the zen interest rate. 

grayruby

econ

By Brendan Brown
> The concept of an “equilibrium interest rate” is of limited, if any, aid to our economic understanding. Never mind the persistent popularity which it has enjoyed under fiat money regimes.