No Central Bank Wants to Stop Price Inflation
No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its monetary commitments.
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No interventionist government or central bank wants lower prices because inflation allows the government to increase its power while slowly breaching its monetary commitments.
Episodes that made a difference involved an ideological and philosophical battle about policy and the role
Our troubles don't stem from quotas, set-asides, and the like. They stem from the presumption that