Deflation is the Purpose of Economics
Published June 30, 2021
Views 5.34K | Likes 343 | Comments 74
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Monetary Aggregates like M2 are no longer the target of Central Bank Policy. Rather Central Banks target inflation at a 2% to 3% rate using a hypothetical natural rate of interest. But they should be targeting deflation at a -4% rate with a true Wicksellian natural rate based on a commodity standard or competing curren…
- Published
- June 30, 2021
- Made for kids
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