FT Alphavilleのイザベラ・カミンスカが、非伝統的金融政策をmumps(=most unusual monetary policies;mumpsにはおたふく風邪の意味もある)と呼んだUBSのGeorge Magnusの論説に事寄せて、ここで紹介した自説をさらに解説している。 In short, the problem is not money availability but rather a lack of opportunities to deploy that money towards. Think of it as the modern paradox of investment. We don’t necessarily need investments in things that produce more stuff. Rather, we need inves