Thursday, September 17, 2015

As Clear as Day, Krugman Thinks 2% Inflation is Too Low

For the Krugman file. He writes:
There is good reason to believe that the conventional 2 percent inflation target is too low, even for the United States; the risks of hitting the zero lower bound are clearly much higher than people believed when 2 percent became orthodoxy. 

1 comment:

  1. Central planners still think that they are the ones that can bring about growth.