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Melmoth Wanderer's avatar

Why does the graph of New Zealand inflation apparently resemble one that would chart a barrel of Crude? After all, New Zealand has so manu independent sources of energy. Just a coincidence I guess.

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vorkosigan1's avatar

It's a pity that you skipped so blithely over the history of inflation targeting without overtly noting the negative consequences of how arbitrarily it was chosen, without any consideration of other crucial issues such as economic growth and employment. Inflation is important, but that concern must be balanced against other important concerns.

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