SYDNEY and KUALA LUMPUR, Sep 20 (IPS) – Policymakers have become obsessed with achieving low inflation. Many central banks adopt inflation targeting (IT) monetary policy (MP) frameworks in various ways. Some have mandates to keep inflation at 2% over the medium term. Many believe this ensures sustained long-term prosperity.
Read the full story, “Inflation Targeting Farce: High Costs, Moot Benefits”, on globalissues.org →
