Well, to get to that debate, if you compare the current restarting of bond purchases with the beginning of 2015, when it began, at that time the headline inflation was negative, the confronting of a compelling deflationary threat.
Not surprisingly, in a number of instances, earlier pessimistic perceptions have been positively revised with greater disclosure of information. With respect to public confidence, Year 2000 seems to be an issue in which a better-informed public is a more confidant and calm public. For example, in the United States the financial regulators have recently completed a survey of public perceptions on this matter.