tag:blogger.com,1999:blog-8897997766931633186.post7507912762903487822..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: Immorality of Inflation TargetingBill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8897997766931633186.post-56326973077722106212016-07-25T12:03:17.159-04:002016-07-25T12:03:17.159-04:00It’s really tough to cover up for inflation but in...It’s really tough to cover up for inflation but in order to be successful; we need to do it accurately. I am lucky enough that I trade with broker like OctaFX since they help me a lot with their conditions which keeps me relatively comfortable and relaxed especially their swap free account feature, it’s lovely and saves me from paying unnecessary overnight charges, so that really keeps me comfortable and relaxed with everything and allows me to be successful as well.Aaronnoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-87388627591382761202012-06-27T09:27:20.466-04:002012-06-27T09:27:20.466-04:00In addition to Rob's great question asked isn&...In addition to Rob's great question asked isn't true that Scottish free banks produced mind deflation?JWOhttps://www.blogger.com/profile/00004178958481335795noreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-77223009925399831562012-06-24T11:29:34.127-04:002012-06-24T11:29:34.127-04:00Should say "without the need for a CB to aim ...Should say "without the need for a CB to aim for a target"robhttps://www.blogger.com/profile/04682517711551179057noreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-56745587002434493942012-06-24T11:28:23.153-04:002012-06-24T11:28:23.153-04:00While I can see the theoretical advantages of NGDP...While I can see the theoretical advantages of NGDPLT over ILT I have a question about the practicality of NGDPLT in a free banking world.<br /><br />Selgin in TFB shows that in a commodity money FRB regime NGDP will tend to be stabilized with the need for a CB to aim for a target. Hayek, in the Denationalization of Money, talks about something slightly different from this - competing non-commodity currencies. He suggests that under such a regime the various money suppliers would likely target price level stability (they would choose a bundle of goods to target to achieve this). As you have pointed out he acknowledges that such targeting would be somewhat distortionary (for the reasons given in LTZ) but feels these distortions would be minor.<br /><br />Do you see any merit in Hayek's ideas in that book ? If so, do you agree that if competing banks targeted Price Level that this would indeed be a minor issue ? And finally, can you see any way that NGDP could be explicitly targeted in a competing currencies world ?robhttps://www.blogger.com/profile/04682517711551179057noreply@blogger.com