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Comments on: Don’t start targeting asset prices, target inflation http://www.tvhe.co.nz/2009/08/03/dont-start-targeting-asset-prices-target-inflation/ The Visible Hand in Economics Tue, 04 Aug 2009 15:14:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Finsofts http://www.tvhe.co.nz/2009/08/03/dont-start-targeting-asset-prices-target-inflation/#comment-20797 Tue, 04 Aug 2009 15:14:39 +0000 http://www.tvhe.co.nz/?p=4227#comment-20797 The goal of monetary policy is to shift around the interest rate and the supply of money such that “inflation” is constant. But after so many months now inflation is not getting a steady state but its path is in moderate rate. No one can bring this to stable state with out proper GOVT policies and proper management

]]> By: Van sales http://www.tvhe.co.nz/2009/08/03/dont-start-targeting-asset-prices-target-inflation/#comment-20764 Mon, 03 Aug 2009 06:22:39 +0000 http://www.tvhe.co.nz/?p=4227#comment-20764 One of the more interesting developments in central banking in the past dozen years or so has been the increasingly widespread adoption of the monetary policy framework known as inflation targeting.

]]> By: Greg Ransom http://www.tvhe.co.nz/2009/08/03/dont-start-targeting-asset-prices-target-inflation/#comment-20763 Mon, 03 Aug 2009 05:50:19 +0000 http://www.tvhe.co.nz/?p=4227#comment-20763 This is brain dead.

Hume & Cantillon & Hayek exposed the non-arguable truth that money expansion enters the economy somewhere, and necessarily distorts the economy in unsustainable ways, esp. via lengthy production goods like HOUSING, CONSUMER DURABLES, and long time period PRODUCTION GOODS.

Money growth esp. via below natural rate interest rate manipulations can do nothing other than change relative prices across the time structure of production goods and production processes.

Any other conclusion can be hardly anything other than economic illiteracy.

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