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Monetarist myth that 2-3% inflation is good for the economy? The Austrian view?
I couldn't find an answer for this. I don't know if it is from Milton Friedman himself or is it a general theory that 2-3% is "good for the economy." There are many parties in an econnomy so the question it is good for whom exactly? What is the thesis and antithesis of this theory?
on Mon, Oct 15 2012
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