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by lottin 1301 days ago
The money supply is not observable. Prices are observable. People care about price stability not about stability of the money supply.
1 comments
nfin 1301 days ago
price stability has it own set of problems.

If a good was regulated to have a stable price nobody would be incentivized to find a clever solution to solve a future crisis with high demand for that good

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lottin 1301 days ago
Price stability refers to the stability of the price level. It has nothing to do with changes in individual prices which are unrelated to changes in the price level.
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