Our grand children will read about these great monetary...

Our grand children will read about these great monetary experiments on their text ipads (or whatever they will use) and shake their heads in utter disbelief. There are people at the RBA getting paid over 1 million dollars to propogate this total bs that creating cost push inflation is a good thing. It is utterly delusional.

Japan should serve as the template for everything that is wrong with zirp not everything thats right with it.

I didn't want this to sound like a polemic so I will leave it at that but it just seems to defy all common sense.

Is it just me or is the word stagflation curiously absent from monetary discussions during these last few years ?