In fact, the Fed – and other advanced-country central banks – should not be blamed for the negative effects of monetary expansion, either. Japan’s bold monetary easing, for example, was a critical element of Prime Minister Shinzo Abe’s strategy for lifting the Japanese economy out of more than a decade of recession – and it has led to a remarkable recovery.
事实上，美联储（以及其他发达国家央行）也不必为货币扩张的消极效应担责。比如，日本大激进货币宽松政策是首相安倍晋三带领日本经济走出十多年衰退的经济战略的关键要素，并且已经带来了颇为可观的复苏。