The Fallacy of Stable Prices
The Federal Reserve’s fixation with “stable prices” has led to an unstable economy for the past century.
Source: Mises Institute
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DW NOTE
The Fed has maintained a 2% inflation target since 2012, yet the dollar has lost 96% of its purchasing power since the Federal Reserve's founding in 1913. Stable prices don't exist — only the pretense that managed debasement is policy rather than theft.