Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
Interesting: nominal GDP targeting and inflation as a financial stabilizer, all coming from Friedman...

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Wed Jan 15th, 2014 at 04:03:32 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series