Some Counterarguments to Critical Opinions on the Bank's Monetary Policy As mentioned above, monetary policy has been clearly having an effect, but for some reason, objections to the Bank's current policy persist. Among the critics are some who argue that QQE is like the Battle of Imphal during the Second World War and we should withdraw immediately.
Someone who owns a piece of land, but is restricted to a specific use, does not have unequivocal ownership and will act accordingly. Indeed, economic regulation, by its nature, impinges on the exercise of a property right.