Bad standards

Michael F. Bryan

Economic Commentary, 1997, issue Oct

Abstract: An argument that what is essential in any arbitrary measure--including measures of value--is that they can be counted on to convey accurate and consistent information. When a central bank tolerates inflation, it reduces an economy's ability to make decisions based on value.

Keywords: Dollar, American; Money (search for similar items in EconPapers)
Date: 1997
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