With this comment as an introduction, let me present my personal view on the meaning of discussing the termination of the zero interest rate policy at a time when we do not observe any imminent risk of inflation. We often hear the argument that monetary policy should be changed only when the risk of inflation becomes evident.
These are part of a larger body of human rights law that developed following World War II. In 1948, they were enshrined in the Universal Declaration of Human Rights. The Famous Five recognized the importance of economic rights much earlier than that, and worked to put in place laws that extended these rights to women.