“We are in a good place at the moment,” the head of the European Central Bank (ECB) told reporters on Thursday. And so concluded another ECB rate decision, to no one’s surprise, as quoted in the Wall Street Journal:

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QE (quantitative easing) is the primary means that the Fed uses to cause asset price inflation.

Once an economy falls into a recession some commentators express concern that as a result there is now nonutilized capital and labor. Resources that can be used are now made unemployed. It is held that the key issue behind this is insufficient demand for goods and services.