Mises Daily
Author:
Roger W. Garrison
Online Publish Date:
Although Ben Bernanke has pledged to ensure a continuity between the Greenspan policies and his own, he differs in several important respects, including his endorsement of “inflation targeting.” Greenspan has always been against it. But Bernanke’s idea of “inflation targeting” is in need of some deconstruction. First and foremost, it means that he