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The Everlasting Folly Of Central Bank Inflation Targeting, Part 3

Summary:
That our Keynesian central bankers think inflation is good for everyday Americans and therefore relentlessly strive to generate more of it is one of the great follies of the present era. After all, when you set aside their nitpicking obsession with the shortest inflation measuring rod available (the core PCE deflator), the common sense data […]

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That our Keynesian central bankers think inflation is good for everyday Americans and therefore relentlessly strive to generate more of it is one of the great follies of the present era. After all, when you set aside their nitpicking obsession with the shortest inflation measuring rod available (the core PCE deflator), the common sense data […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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