And it is widely predicted that the central bank will soon announce measures to curb credit growth by increasing the ratio of bank deposits that must be kept with it inreserve.
And if anyone decides to challenge the system, the Party has kept ample power inreserve, making sure it maintains a tight grip on the military and the security services, the ultimate guarantors of its rule.
The recent roll into recession has kept inflation down and allowed the Federal Reserve to slash interest rates to practically zero in an effort to revive the economy.
The macro economic condition that set up the crisis stemmed in part from policy choices: the Federal Reserve ignored the housing bubble and kept short-term interest rates too low for too long.
Ben Bernanke, the Chairman of the Federal Reserve Board, has kept interest rates artificially low, and prices unusually high, by buying bonds in an effort to keep interest rates low and stimulate the struggling US economy.