The “2 percent” inflation target is purely arbitrary, and mainstream economists can’t agree on the “right” level. It’s all folly, and Austrian economics explains why.
Original Article: “What Is the Right Inflation Target for Central Banks?”
Editor's Pick
You May Also Like
Investing
Collaboratively administrate turnkey channels whereas virtual e-tailers. Objectively seize scalable metrics whereas proactive e-services.
Investing
Quickly coordinate e-business applications through revolutionary catalysts for change. Seamlessly underwhelm optimal testing procedures processes.
Editor's Pick
Gene Healy Last week, the New York Times ran a front-page story admiring President Biden’s political acumen on culture-war issues (“Biden Sidesteps Any Notion...
Editor's Pick
David Boaz I’ve written before about whether athletes take state taxes into account when they weigh competing offers. Here’s another example: Grant Williams left...