Do we now KNOW that America is in a Liquidity Trap since the Fed chairman accused Americans of hoarding?

I guess the concern it how much is being 'used'. Being put into the economy.

I talk with people every day and yes, many are saving rather than spending. Including businesses. One can conclude that there exists a lack of confidence and doubt surrounding the policies of our government. Food prices are continually going up. Energy costs, going up. Wages stagnant. Many are also concerned what happens when the Fed finally ends their monthly pumping of the market.

I do find it funny how it was first Democrat Senators, Barney Frank and Chris Dodd who in one sentence complain that the banks were loaning to anyone then tell the banks that they had to make even more risky loans.

Also, it tends to be Democrats especially that wants people to not only spend everything that they bring in, but also go into debt to prop up our economy. These same people must not have realized that it was because of over borrowing and living beyond our means that caused the Great Recession in the first place. You can't go roughly 14 to 18 years of increasing debt and expect our GDP not to be artificially high.

Peasants should spend everything they earn and own to keep the economy running, dont they know that hoarding money is for the rich?

Did you know the last Fed chairman was fired for being a laze's faire economist,

Nothing Yellen said indicates that Americans are causing a "liquidity trap".

If cons stop their games we will take a giant step forward.