4 ms·
Sure, but central banks do typically promise to hit an inflation target, which is similar in the sense that it's a promise for the money to have a certain value
by OscarCunningham 5y ago
Sure, but central banks do typically promise to hit an inflation target, which is similar in the sense that it's a promise for the money to have a certain value.
If a bank bought and sold gold to make a currency hit an inflation target, would that be commodity money or fiat?
- lottin 5y agoGood point.