The Futility of Price Stability Policies

Tags: Central Banks, Inflation, Monetary Policy, Money and Banks

07/07/2025 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

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