TRENDS THIS WEEK: The Fed's 2-percent inflation fairytale. Who made it up, what does it mean?

Posted 11/4/15

KINGSTON, NY, 4 November 2015- Once upon a time, not too long ago, central bank wizards began telling a fairytale that economies need inflation. But not just any inflation. In their Goldilocks make-believe world, the not too hot, not too cold, just right dose of two percent is needed to keep an economy …

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