Central banks ‘target’ a certain level of inflation because they think – or say they think – that a bit of inflation helps create full employment.
October 6th, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "Globalization"
Globalization is No Longer a Force for Good
In the 15-year period known as the “Great Moderation” central banks could increase their supplies of money 2, 3, 5 times as fast as GDP growth. Normally, this would cause inflation. But it didn’t, because globalized markets…
June 5th, 2008 | Bill Bonner | 17 comments | Continued