The Sztorcian Complaint

….money intrinsically not subject to inflation… ~https://en.wikipedia.org/wiki/Ideal_money

I suggested the use of an “ICPI” index for the definition of the proper value for an “ideal” money. Here ICPI stood for “Industrial Consumption Price Index” (which would be a sort of index which could naturally be calculated from world market prices).

My position is that the appropriate “target rate” for measured inflation is zero.

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