when I read this discussion I also think hard about the fact that we spent a decade at the zero lower bound. Those conditions are probably not coming back, although arguably we’re giving it a shot

this is exactly how I understand all of yglesias’s recent social media posts

I can’t stop interpreting this as House MD and I think it has a surprising amount of explanatory power

a guy who just got a user story in his queue about some kind of “discourse improvement project” and is just trying to do a good job on it

taking you at your word that you want my strategy, in the situation you describe I would probably say I don’t understand AT ALL, that I have no reading of what they said and need to start the conversation over (“pretend to be dumb” is a social strategy I use a lot in different situations)

Yes, my experience is that “I must have misunderstood you” is like near universally taken as persiflage