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Message: <blockquote data-quote="bbsam" data-source="post: 6021743" data-attributes="member: 22662">Are you suggesting that the federal reserve is too ignorant to have -3% inflation as a goal?  Is there a reason Wall Street and Washington don’t set monetary policy with deflation being the goal?  My bet is that the Pigou effect has limited and small scale positives with far larger risks associated with it.  Like insisting that tax cuts will “pay for themselves”.  It’s the voodoo economics of the 80’s that proves itself false time and time again.</blockquote>