tag:blogger.com,1999:blog-30875219.post7712584205758618523..comments2023-10-19T11:27:53.931-03:00Comments on true dough: The BoC's big obstacletrue doughhttp://www.blogger.com/profile/14528611736159255452noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-30875219.post-56393783689553387422006-11-29T20:01:00.000-04:002006-11-29T20:01:00.000-04:00Not being an economist, I'm sort of out of the loo...Not being an economist, I'm sort of out of the loop on this, except for what I read in the papers (I took introductory economics, but it seemed -- and still seems -- to me to be too far from reality as we know it for me to continue without exploding frequently). But the big difference seems to be that price targeting is, in effect, cumulative, while targeting the inflation level is not. This is, in the longer term, more effective at halting inflation, but it's also contrary to one of the tenets of the Friedmaniacs and other bashers of the planned economy: it's part of a planned economy.<br />I think it's time people admitted that they will plan an economy around their "free market" ideals, and object to planning an economy only if it involves some socialistic, communistic component. The trouble with the Soviet Five Year Plans turns out not to be the fact that Plans were made, but that the Plans were no good. Are these?amphimacerhttps://www.blogger.com/profile/09414783914693572486noreply@blogger.com