Wednesday, August 21, 2013

Why A Little Bit More Of Inflation Is A Good Thing

Noah Smith does a nice job of adding to the understanding that most people have about inflation.  In the process he explains why the 2% inflation target set by most central banks should be a little bit higher.  He has his work cut out for him.  In many countries, inflation is listed as one of the top problems that we face.  That is true even in countries with very low inflation rates.

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