So far, the Bank of Japan has pumped up the base money supply (along with expectations) and the yen has fallen 20 percent relative to the dollar since September.
Even the most hawkish participants in the FDIC symposium accepted that it was, even now, impossible to be sure whether the farm boom was justified by shifts in supply and demand or a bubble pumped up by irrational exuberance.
On that occasion, oxygen was pumped into the vessel to supplement the crew's air supply but all it did was fuel the flames of a fire which had already started, raising the temperature on board to 1, 000 degrees Celsius.