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?”
You May Also Like
Editor's Pick
Marc Joffe Last week the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies approved a Fiscal Year 2024 budget that forbids...
Editor's Pick
Jack Solowey and Jennifer J. Schulp Last Wednesday, July 12, an updated version of the Lummis‐Gillibrand Responsible Financial Innovation Act (RFIA) became public. The...
Editor's Pick
Adam N. Michel I recently testified before the House Ways and Means Tax Subcommittee on the Organisation for Economic Cooperation and Development’s (OECD) Two...
Tech News
The Verge Twitter, which Elon Musk is currently rebranding to X, is officially rolling out its ads revenue sharing program for creators. The company...