[EBH]

It is the same trap all Keynesian economics leads to...so far none have escaped it.

[Wayne07]

The "liquidity trap" is a keynesian concept. People (like krugman) who believe we are in it are already bought into keynesian economics, which is bunk.

For a more conservative/Austrian view on the the liquidty trap: http://mises.org/daily/5881/

[M-cubed]

If I remember correctly....Keynes admitted later that his theory would fail....”We’ll all be dead”...was his answer!!...and he was right!.. they all are! ...but we’re not....We get to pay!