http://krugman.blogs.nytimes.com/2010/08/30/interest-and-inflation-wonkery/

http://en.wikipedia.org/wiki/Taylor_rule

http://krugman.blogs.nytimes.com/2010/08/30/the-trap-were-in-wonkish/

It all fits together.

http://krugman.blogs.nytimes.com/2010/08/30/nobody/

Depressing. There will be abandoned properties.