The whole point of that paper was that when you're up against the zero lower bound, it doesn't matter how much money you print — not unless you credibly promise higher inflation.
Some analysts say the whole Soviet system was unreformable and any change was bound to lead to an unstoppable process of increasingly dramatic transformation.
一些分析家称,整个苏维埃体系是不可改造的,体系内的任何变化势必导致越发戏剧性的、无法停止的转变。
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The whole point of that paper was that when you're up against the zero lower bound, it doesn't matter how much money you print - not unless you credibly promise higher inflation.