* 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


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