The Impossible Two Percent: Why Central Banks Cannot Afford Price Stability
The Impossible Two Percent: Why Central Banks Cannot Afford Price Stability Authored by Hamoon Soleimani via The Mises Institute, The Two percent inflation target—monetary policy’s sacred commandment for three decades—has become structurally impossible to achieve. Not because central bankers lack skill, but because every attempt to hit the target destroys the financial architecture that previous […]
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