Inflation Targeting Is a Very Stupid Policy
A vessel loaded with shipping containers is docked at the Yangshan Deepwater Port in this aerial photograph taken in Shanghai, China. (Photographer: Qilai Shen/Bloomberg)

Inflation Targeting Is a Very Stupid Policy

(Bloomberg Opinion) -- Much ink has been spilled in recent weeks over the U.S. Federal Reserve’s announcement that it will now, in effect, target inflation over the whole cycle. The message from th...
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