Not only have they failed repeatedly to get the inflation forecast right; they now risk fueling renewed financial instability and sparking another crisis. Just as a few of us warned of impending crisis in the 2003-2006 period, some – including the Bank of International Settlements and the IMF– are sounding the alarm today, but to no avail.
这绝不是央行继续坚持通胀目标令人信服的理由。它们不但一再无法正确预测通胀；如今还有可能助长卷土重来的金融动荡、引发另一场危机。正如我们少数人在2003—2006年期间发出的危机迫在眉睫的警告，一些人——包括国际清算银行和IMF——今天也在大声疾呼，但没有人听他们的。