Not everyone is in a liquidity trap

That is, no matter what the central bank does it cannot cause money demand to budge Beckworth

The central bank is trapped due to the law of averaging at the center. Ecoomists who cannot think beyond central banks are in a liquidity trap. But thinkers who worry optimum currency zones might point out that regions of the US economy are not trapped with slow retail velocity. Regional banks are only trapped because centralists fear losing monetary power to the regions. The trappists are trapped in the center.