Economy with no CRR and Zero Interest Rate

Once a Namboothiri was watching a road side circus being carried out by a family. These road side shows were common in olden days. One of the tricks was for the main acrobat in the team to first jump through a big hoopla ( or a big ring ). Then he progressively started reducing the diameter of the ring, jumping through smaller and smaller ring. When the rings started becoming really smaller, crowd enthralled and watching in pin drop silence, the namboothiri's voice was to be heard,

"smart guy! at this rate he will soon be jumping WITHOUT the ring"

(You need to know the original malayalam slang to appreciate this wisecrack fully "Midukkan. Ingane poyal viruthan valayam illathe chadumallo!").

I was reminded of this anecdote when I read the fervor with which the Central Banks the world over are slashing the CRR of the Banks and reducing the Interest Rates, almost on a daily basis.

I wonder what the Namboothiri might say,

"Great! at this rate they will soon be running the economy without CRR and at Zero interest!"