The independence of the central bank has the low inflation. Now, a decline of inflation, this is independence. So close that the interest rates fall to zero, the central banks are working with their colleagues in the government. This irony is particularly rich in the United Kingdom, where it is by the Bank of England the freedom of the functioning of political control was one of the first Gordon Brown as chancellor of the Chancellor in 1997.

Monetary purists May shiver, the idea. However, with the exception perhaps of the European Central Bank’s independence is always relative. The Bank of Japan has allegedly since 1997 independence. But is it necessary to “close contacts with the government and the exchange of ideas that [the] one another in harmony.” Even the Fed, “an independent business unit of government”, has a complete 1951 only. Six years later she is again the feeling that money for the purchase of the government (and business) requirements – such as the Bank of England, says now that she is doing.