There are a lot of people who have their own theories of inflation, a monitary policy. But why don't they? My question is, this is not a secret. It's not like john taylor, some crank about this relationship between the interest rat and the grose rate. He's a pretty serious guy who's on a short list for a nobo prize, and should get one. I just going to add. They know, they know. They know their way off. What are they thinking? Do they disagree with you? Are they trying to achieve a different end? The idea beris of hyper inflation? Yes, we wouldn't have situations like that'
What's so bad about rising inflation? Why should we aim for a rate of 2 percent? Why is it a problem if interest rates are too low--and what do we mean by inflation, anyway? Stanford University's John Taylor talks with EconTalk host Russ Roberts about these questions, the Taylor Rule, why inflation is rising, and what the Fed should do about it. At the end of the conversation, Taylor discusses whether stimulus stimulates and the dangers of the national debt.