Why is the Inflation Target Never Zero??

SUNDAY READ: A conversation with an economist who can explains this weirdness

All over the world, people complain about the “affordability crisis.” They think prices are too high and wages too low. This darkened Joe Biden’s US presidency and helped make Zohran Mamdani mayor of New York. It’s an annoyance from Nigeria to Norway and a major theme at this week’s World Economic Forum annual meeting in Davos, Switzerland. Essentially,…