Thinking the wrong thought

Paul Krugman writes:

When short-term interest rates are up against the zero lower bound, whatever power the Fed has to influence the economy comes largely from its ability to affect expectations.

oh my god paul

the problem is not
expectations

the problem is debt

the solution is not
to change expectations

the solution is to
reduce debt

you will not be able
to change expectations
until you reduce debt

you will not be able
to change expectations
until you reduce debt

you will not be able
to change expectations
until you reduce debt

Shantih shantih shantih