Right now is the US’s best chance yet for a real, sustained recovery from the financial crisis. And it would be a catastrophe if the recovery were derailed by excessive devotion to anti-inflation shibboleths, much as some central banks were excessively devoted to the gold standard during the 1920’s and 1930’s.
麻烦在于这并不是普通的经济衰退，而且很多人都还没有享受到通货膨胀的任何好处，更别提过度受益了。确实，人们对量化宽松会扭曲资产价格的担忧合情合理，但泡沫破裂并不是当前的主要风险。现在是美国从金融危机中真正恢复过来的最好时机。如果经济复苏被过度遏制通胀的举措所中断，这将会成为一个灾难，正如上世纪二三十年代有些国家央行过度沉迷于金本位一样。