Commentary
There is almost complete unanimity among economists that the most important role of the central bank is to attain price stability. Allegedly, the policy of price stability promotes economic growth and individual well-being.
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Frank Shostak
Author
Frank Shostak, Ph.D., is an associated scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.
