Re:Why the 2% Inflation Target? (2023)
by pdonis on Sunday March 24, 2024 @01:40AM
(#39805352)
> the boom bust cycles were far worse.
No, they weren't. The worst depression in history, the Great Depression of the 1930s, occurred after the Federal Reserve was in place in the US, and similar central banks were in place in other developed countries.
No, they weren't. The worst depression in history, the Great Depression of the 1930s, occurred after the Federal Reserve was in place in the US, and similar central banks were in place in other developed countries.