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Source link: http://archive.mises.org/20841/mises-daily-wednesday-february-01-2012/

Mises Daily: Wednesday, February 01, 2012

February 1, 2012 by

“Inflation Targeting Hits the Wall” by Antony P. Mueller

Inflation targeting is not only defective in guaranteeing monetary stability; it was instrumental in bringing about the current financial crisis. The episode that was praised as the great moderation was a great delusion, which has become the nightmare of a long stagnation. There is a vital need to establish a sound monetary system.

“The Politics of Johann Wolfgang Goethe” by Hans-Hermann Hoppe

Writing in the Wall Street Journal Europe, Hans-Hermann Hoppe says Goethe favored small city-states with an integrated and free market between them.

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