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In response to
"I tend to agree, but don't know enough about it to be certain. From the late 90s, there was a debate among central bankers about whether asset prices"
by
Alan More
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Some people are actually advocating an inflation target of 4-5% to create the rational expectation amongst the public that "the economy will recover,
Posted by
Loyola
Mar 3 '09, 08:43
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there will be inflation, and it will be of such an order that you need to spend your money now before it loses value" in an effort to reduce hoarding and invoke spending in the wider economy.
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