Inflation targeting hits the wall

posted by
February 1, 2012
Ludwig von Mises Institute
by Antony P. Mueller  
Posted in Commentary

"The financial-market crisis is not over but has grown into a vicious sovereign-debt crisis. Nevertheless, monetary policy makers of the major economies go on to practice the same sort of policy that has led to the crisis. Following the model of inflation targeting, they continue to disregard the quantity of money and the amount and kind of credit creation." (02/01/12)  

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