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Contrary to popular thinking, there is no such thing as a price level that should be stabilized by the central bank in order to promote economic prosperity.
Original Article: "Is Price Stability Really a Good Thing?"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Contact Frank Shostak
Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.