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Posts Tagged: “relative prices“
July 11, 2025
・Guest Commentaries
Why Price Stability Is a Dangerous Illusion
One of the long-touted goals of central banking is “price stability,” which, in the minds of central bankers, means low and continuous inflation. Even if this goal wasn’t cover for inflationist policy, it’d still be important to note that “price stability” is actually an unachievable goal when properly understood.
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