Tag
Monetary Policy
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In spite of the declared “independence” of the Federal Reserve from the political control of either Congress or the White House, America’s central bank is a branch of the U.S. government that is responsible for setting monetary policy.
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EconomicsFeaturedGovernment
Austrian Monetary Theory vs. Federal Reserve Inflation Targeting
by Richard Ebeling August 21, 2017Several major central banks around the world, including the Federal Reserve in the United States, have set a goal of two percent price inflation. The problem is, what central bankers are targeting is a phantom that does not exist.