Don’t need a “reset”; need Congress to quit spending more money than they collect, so the Benbernank won’t have the opportunity to print money and drive interest rates to zero.
40-50 years ago, the Fed budget was “nearly” balanced and anyone could get 4% on passbook savings accounts; that should never have ended. If we didn’t have a profligate government making promises that could never be kept, it probably wouldn’t have ended.
I agree completely.