The true danger in the central bank’s efforts to stimulate the economy is not that its actions will result in inflation – of which there is little evidence – but that it will fail to revive the economy by any substantial measure, straining investor confidence and, in the process, the financial markets.
result in inflation – of which there is little evidence - but that it will fail to revive the economy by any substantial measure, straining investor confidence and, in the process, the financial markets
result in inflation – of which there is little evidence – but that it will fail to revive the economy by any substantial measure and strain investor confidence, and in the process the financial markets
result in inflation – of which there is little evidence – but that they will fail to revive the economy by any substantial measure, straining investor confidence and, in the process, the financial markets
have the result of inflation – of which there is little evidence – but also that it will fail to revive the economy by any substantial measure and strain investor confidence and, in the process, the financial markets
result in inflation – of which there is little evidence – but that they will fail to revive the economy by any substantial measure and strain investor confidence, which will in the process strain the financial markets
3
result in inflation – of which there is little evidence - but that it will fail to revive the economy by any substantial measure, straining investor confidence and, in the process, the financial markets
result in inflation – of which there is little evidence – but that it will fail to revive the economy by any substantial measure and strain investor confidence, and in the process the financial markets
result in inflation – of which there is little evidence – but that they will fail to revive the economy by any substantial measure, straining investor confidence and, in the process, the financial markets
have the result of inflation – of which there is little evidence – but also that it will fail to revive the economy by any substantial measure and strain investor confidence and, in the process, the financial markets
result in inflation – of which there is little evidence – but that they will fail to revive the economy by any substantial measure and strain investor confidence, which will in the process strain the financial markets
3













