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Why is inflation targeting pernicious? To the extent that currency is a replacement for bartering, a positive inflation rate is a mechanism for enforcing a sort
by hansvm 6y ago
Why is inflation targeting pernicious? To the extent that currency is a replacement for bartering, a positive inflation rate is a mechanism for enforcing a sort of temporal locality in that conceptual bartering. Why is that bad, or else what other functions is currency serving where inflation targeting is undesirable?