Stop cluttering my inbox

Look I did not say there was not a relationship between low interest rates and inflation what I said was this was true and only true under special circumstances. To get low interest rates to drive in the direction of inflation you need to have the full employment of resources; some control over import prices and crucially a labour force (in the majority) that has meaningful bargaining power. Under these conditions low interest rates will lead to inflation. Take this troika and apply it to the three cases and you will be able to solve the riddle. Please stop the private emails. If you have a dispute with this; comment here.

NB the next private email I get on this subject is public. That is, I will publish it here with your email address. Leave your opinion / position / comment below.

I think the challenge is already well established here: Japan-17-years-of-increasing-gov-debt-and-what-do-you-get

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