Equally deleterious to economic health is the recent vogue of cutting interest rates to near zero and holding them there for a sustained period. It is far from clear that near-zero short-term interest rates (as compared to just low interest rates) have much additional effect in encouraging firms to create jobs when powerful economic forces make them reluctant to hire.
此外同样对经济有害的还有最近流行的所谓将利率降到接近零并维持一段时期的呼声。而接近零的短期利率（相对于仅仅是低利率）究竟在强大的经济力量迫使企业踌躇于招工之时能起到多少激励作用还是一笔糊涂帐。但长期施行近于零的利率将催生错误的行为。