Poland became the 21st country to lower interest rates this year

New record low to 1.5%

Polish economy is strongest in three years

Growing faster than the U.S. economy

Policy conundrum: what is inflation target?

Low inflation stimulating Polish economy

Yet Central Bankers look to illogical Keynesian textbooks

Where is the evidence that deflation is undermining the economy?

There is no magical point where a good thing becomes a bad thing

If they overcompensate and weaken the economy, they will be raising interest rates on an already weak economy

Poland could afford to raise rates, however, if this policy fails, because their debt is low

U.S. debt is so high, we can't afford to raise rates in order to support the dollar

When inflation picks up in the world and other central banks raise rates, the dollar will decline

The Fed will be unable to curb inflation because we can't afford to service our debt

Ultimately this will precipitate a currency crisis when it becomes apparent that the Fed has run out of options