The Futility of Price Stability Policies

mises.org/mises-wire/futility-price-stability-policies

There is almost complete unanimity among economists that the most important role of the central bank is to attain price stability. Allegedly, the policy of price stability promotes economic growth and individual well-being.
According to popular thinking, a policy of price stability…

This story appeared on mises.org, 2025-07-07 11:02:39.
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