The cost of inflation

July 8, 2008 on 1:18 am | In Uncategorized |

Another benefit they raise is that inflation allows bank’s to have “negative real interest rates” as a way of stabilising economic activity. This seems silly, given that people have a positive rate of time preference there is a positive …

Read the rest of this great post here

No Comments yet »

RSS feed for comments on this post. TrackBack URI

Leave a comment

XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Powered by WordPress with Pool theme design by Borja Fernandez.
Entries and comments feeds. Valid XHTML and CSS. ^Top^