Rethinking Inflation Targeting
Economist Edward Chancellor challenges the effectiveness of inflation targeting by examining the impact of central bankers' fixation on a 2% inflation target. He argues that in a modern capitalist society with productivity growth, a decline in the price level should be expected. By ignoring this natural tendency, central bankers have inadvertently caused speculative bubbles, misallocation of capital, and excessive risk-taking.In this clip
From this podcast
Bankless
171 - What Causes Bubbles? with Edward Chancellor - "The Price of Time"
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