Tag Archives: heuristics and biases
Why We Shouldn’t Trust the Fed’s Inflation Target
Awhile back, I thought it might be interesting to create one of those island economy stories to demonstrate a problem with the Fed’s policy framework. I finally got around to it over the past week, after reading an article on the … Continue reading
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Tagged confirmation bias, David Stockman, Federal Reserve, heuristics and biases, inflation target, monetary policy, rational agents, stabilization policies, The Great Deformation, William McChesney Martin
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