We could be wreaking havoc trying to reach the 2 to 3 per cent inflation target, writes business editor Ian Verrender. What if it's a goal that is unattainable?
Japan has the loosest monetary policy in the world, negative central bank interest rates, huge debt, big public spending, yet inflation hasn’t been above 4% for 40 years.
They also import all raw materials.
Actual monetary inflation is pretty bad. Sell everything to hoard worthless tokens of exchange… clearly something broken.
Japan has the loosest monetary policy in the world, negative central bank interest rates, huge debt, big public spending, yet inflation hasn’t been above 4% for 40 years.
They also import all raw materials.
Actual monetary inflation is pretty bad. Sell everything to hoard worthless tokens of exchange… clearly something broken.