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Aug 4, 2017 at 23:46 vote accept Coolio2654
Aug 3, 2017 at 22:03 history edited Brian Romanchuk CC BY-SA 3.0
More on the inflation target level.
Aug 3, 2017 at 21:52 comment added Brian Romanchuk We need to set policy for the people that exist, not hypothetical beings without psychology. I added a small addition to respond.
Aug 3, 2017 at 21:22 comment added Coolio2654 So, if I am understanding you correctly, "increasing" the money supply, through the Fed influencing banks, keeps pace with Real GDP growth and thus prevents deflation, which makes sense. But is there any objective preference to valuing inflation over deflation over purely psychological ones?
Aug 2, 2017 at 2:42 history edited Brian Romanchuk CC BY-SA 3.0
added 223 characters in body
Aug 2, 2017 at 2:32 history answered Brian Romanchuk CC BY-SA 3.0