Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation.

Be sure to follow&nbsp;<em>Minor Issues</em> at <a href="https://Mises.org/MinorIssues" target="_blank"><strong>Mises.org/MinorIssues</strong></a>.

Mark Thornton explains the target as another smokescreen that was originally intended to stabilize monetary policy, currencies, and exchange rates, but has become a justification for inflation and central bank manipulation. Be sure to follow Minor Issues at Mises.org/MinorIssues.

The Fed's 2% Inflation Target

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