But the real issue is larger: the increasing dependence of the U.S. economy, and, indeed, the global economy, on constant monetary stimulus, and the danger of another boom-bust cycle.
Finally, it discusses the constraints and the dangers for monetary policy.
Slower monetary growth poses a special danger in Japan's deflationary economy.
Even Paul Krugman, who is usually a big supporter of stimulus programs, has distanced himself from Modern Monetary Theory, pointing to the danger of inflation from excessive monetary growth.
Yet large, temporary inflows of money have been known to pave the way for big economic trouble.In this section Less cash, more impact Voting with the wallet Poor host Into the ring In search of a villain Index fingered Europe's monetary opposition Tide barriers ReprintsOne danger is that incoming capital inflates bubbles.
Mr Delors himself, in a seminal report of 1989 launching the process of monetary union, warned about the dangers of economic imbalances and the risk that states could be shut out of bond markets.
As for Rand Paul, his website says that he "would make sure that all Americans understand the dangers of unsound monetary policy and shed light on this secretive organisation".
"In a masterstroke, they shifted the public discussion from the global risks posed by Chinese currency policy to the dangers of loose monetary policy and protectionist tendencies in the U.S". White House officials maintained they got what they came for — the beginning of a needed give-and-take with a surging economic giant.
Shaun Richards (@notayesmansecon) The period of #Yen strength is over as it drops to 99.29 versus the US Dollar and 152.3 versus the £ and 129.8 versus the #Euro April 19 , 20138.51am BST Emerging economies warn over liquidity surge The world's leading emerging and developing countries have sounded the alarm this morning over dangers of huge monetary stimulus programmes.
The danger comes when loose monetary conditions and an overheating economy mean prices and wages chase each other upward.To prevent that, central bankers have been fighting back with higher interest rates and higher reserve requirements.
