Journal Article

Bad standards


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;

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1997

Issue: Oct

Order Number: 1