In what universe would growth after QE III falsify the liquidity trap and no growth not falsify market monetarism?
I mean, you could always have an "it wasn't enough" response, but if there is no growth that seems pretty damning to me.
And how would growth after QE III falsify the liquidity trap at all? Krugman (1998)? Eggertsson and Woodford (2003)? Woodford (2012)? Bueller? Bueller?
Am I crazy or something? What is Ryan Murphy talking about?