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?”
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?”
The Austrian school recognizes that economic analysis
