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by snowwrestler
4835 days ago
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The difference is that U.S. monetary policy seeks to create a low, predictable, consistent level of inflation. This allows everyone to incorporate it into their long-term financial plans. It's harder to plan for surprise 10% haircuts. |
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Too bad seeking isn't reality, and too bad it isn't low and isn't consistent. Unless, of course, you alter the metric that measures inflation as the U.S. has done periodically.