Handled correctly, that type of growth can become self-sustaining, but monetary policy can help smooth out any bumps along the way.

FORBES: China's rate cut: Good news for the US?

He specifically targets the Fed's "unprecedented" policy of sustaining near-zero interest rates and its exercise in money-printing, "Quantitative Easing 2, " that has it buying medium- and longer-term securities from the Treasury.

WSJ: The Weekend Interview with Paul Singer: Mega-Banks and the Next Financial Crisis

To date, inflation expectations appear to have remained reasonably well anchored, but any tendency of inflation expectations to become unmoored or for the Fed's inflation-fighting credibility to be eroded could greatly complicate the task of sustaining price stability and reduce the central bank's policy flexibility to counter shortfalls in growth in the future.

NPR: Economic Swoon to Continue, Bernanke Says

Achieving and sustaining such growth should be the central focus of national economic policy over the next decade, for it would solve every problem that plagues and threatens us today.

FORBES: Economic Growth, Not Income Redistribution, Is What Helps Us All

The magazine said New Cumnock needed to "reassess a policy of managed decline which is in danger of becoming a self-sustaining prophecy".

BBC: New Cumnock wins Carbuncle award

The debate was also used to give MEPs the chance to question the Commission on the role of the Common Fisheries Policy in developing local economies, such as creating jobs for coastal communities and sustaining traditional cultures.

BBC: Debate on fisheries