Niall has his points of view, like Keen and can produce quality argument. But the point really is we are where we are. And that leaves open the question of where monetary policy will take inflation.
It would be lovely to be where we are now in a years time looking at the four major Central Bank's activity over 2015. It is interesting reading comment both by economists and in general about the mechanics of our present financial situation. Like this Forum comment is varied, contradictory and at dipoles.
It is fair to be confused, quite understandable. We are in a global economy full of contradictions where good news is bad, interest rates move in opposite directions, the value of stored wealth in gold is again in question; it seems everything we have learnt and taught about finance is coming unstuck.
Points of view involving economics in this crazy world are worth exploring if they contain fresh flexibility because we are in the greatest economic and financial experiment ever undertaken and no one knows how it will end.
