Timothy Noah on Nostr: My latest: Let’s replace the Fed’s totally arbitrary 2 percent inflation target ...

My latest: Let’s replace the Fed’s totally arbitrary 2 percent inflation target (even Larry Summers is fine with 3 percent) with a “misery index” target (unemployment plus inflation) to fulfill the Fed’s “dual mandate.”

https://newrepublic.com/article/174958/fed-reserve-obsessed-2-percent-inflation