Near zero? Yes, we first used that way back before Ben and Janet started and kept up their largess which Ben is now out defending (his blog and more - God, Ben, our view is from under the bus where you threw us - get off of your Olympian height).
Say what? Well, "near-zero" now alludes to the fact of easy money policies (with the resulting financial types just gloating while they explode like pigs in a poke). You see, the interest rate that is paid to certain types (via certain media) is zilch or about as close as you can get.
What I was using "near zero" for really has to due with the fact of the chimeric nature related to non-zero sum arguments. Yes.
Ben would need to have this explained to him in however long it would take him to understand. The bifurcation of the enriched versus the others has accelerated with his policy (well, he may not have started the split, but he sure enough worsened the problem - do they even see the reality of the people being trampled?). ...
We are now to where the so-called investors (meaning, of course, that the ca-pital-sino is more about gaming and gambling than investment - which does, everyone, have very much to do with the future -and not that immediate one of getting drunk/partying on gambling gains) are tightly bound to the teat of the FED. Janet is afraid to shake them loose.
Wait, there are some normative issues that ought to be looked at. True enough. The answers are not easily found, nowadays. Yet, Ben persists (his push back to the WSJ).
So, in essence, we will have to think up a better term (neo-near-zero?) for the concept first used in 2008 (a June 2008 post titled "counting oops"; place holder recognizing the use without definition dates to March 2009; a recap showing early uses in 2012). And, Ben (and ilk), it deals with a reality far removed from those whose hands never get dirty (the scum of the earth after whom the real people clean up - oh, but, then it's a job - yes, ..., that which Ben talks (as in, jobs) is a hold-over from warped capitalistic thinking).
Remarks: Modified: 05/18/2015
05/18/2015 -- We have to include discussion of does it or not?