And central bankers are right to insist on structural reforms and credible plans for balancing budgets in the long term. But, unfortunately, we are nowhere near the point at which policymakers should be getting cold feet about inflation risks.
世界各国的央行都能说出它们保持谨慎的理由。而中央银行家们坚持结构性改革并实施可信的计划来长期平衡预算是正确的。然而不幸地是，我们根本还没有到达政策制定者应该害怕通胀风险的程度。他们现在应该做的应该是向酒杯中倒满美酒，而不是撤走它们。