3 ms·
Managing to a limited inflation that is close to the actual growth in the economy supporting a fiat currency, is managing the currency so that it represents a s
by walnutclosefarm 4y ago
Managing to a limited inflation that is close to the actual growth in the economy supporting a fiat currency, is managing the currency so that it represents a stable store of value. Managing for full employment is probably a cofactor in stability, although a less direct corollary than managing inflation.