Audio Mises Wire

The Futility of Price Stability Policies

Audio Mises Wire
Frank Shostak

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.

Original article: https://mises.org/mises-wire/futility-price-stability-policies