Goldman Idea Could Let Inflation Out of the Bottle: Amity ShlaesAmity Shlaes
Nov. 3 (Bloomberg) -- There are bad ideas, and there’s the proposal that economists from Goldman Sachs Group Inc. released Oct. 14. They suggested that the Federal Reserve Board target a nominal gross-domestic-product growth rate of 4.5 percent to decide how much money to inject into the economy. The econo-speak name for this practice is “NGDP targeting.” The question is whether that unlovely abbreviation makes it into mainstream English and becomes policy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This Tax Bill Is a Trillion-Dollar Blunder
- Thank Goodness for Donald Trump
- How Gavin Newsom Got to Be a Front-Runner
- 2017 Was Bad for Facebook. 2018 Will Be Worse.
- Don't Be Afraid of the Net Neutrality Repeal
- Consider the Consequences of #BelieveAllWomen
- Trump Could Actually Make Democracy Great Again. Don't Scoff.