The Volcker Standard: Inflation Should Be Eliminated, Not Targeted

The Daily Princetonian put words in Volcker's mouth that betray his trust and align him with the sorry characters whose contortions he despises..... the paper claims Volcker said: "The responsibility of any central bank is price stability.... Price stability is two percent inflation, which we can't closely control anyway. ....Price stability is zero percent and Paul Volcker has consistently made this clear.
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