The battleship admirals’ award of the present era surely goes to the denizens of the Eccles Building. They insist there is no trace of the 1970s type inflation afoot—-so they keep on pumping-money at an hellacious pace in pursuit of their ritualistic inflation and maximum employment “goals”. But the roaring 1970s inflation was about soaring […]
Inflation Targeting—A Fatally Defective Policy Not Fit For Purpose
