OK, I know my granddad and at least one professor occasionally reads the blog, so after this NO MORE porn/sex industry posts for a while.
In the comment section of last the post where I explore the labor economics of the porn industry, commenter Current proposes this test of the liquidity trap:
"Supposedly in the liquidity trap money and bonds become close
substitutes. We are allegedly in the liquidity trap now, so I'd like
someone to do an experiment to check this. Here is my proposed
1. Buy some bonds.
2. Go to a strip club.
3. Stuff them down the g-strip of a stripper.
4. See what happens."
Then again, for all I know "liquidity trap" means something entirely different in the S&M/fetish community...
Demand, Supply, and Macroeconomic Models
12 hours ago