Tamny: Market Volatility Is a Good Thing for the Economy

Market prices are inherently unpredictable and volatile, but this is actually beneficial to the US economy, according to John Tamny.

Tamny argues that achieving 'price stability' through the Federal Reserve's actions would be neither desirable nor attainable. In fact, he believes market prices should remain erratic as they currently are.

The writer notes that the pursuit of price stability can lead to unintended consequences and stifling economic growth. He cites the example of Kevin Warsh, a former member of the Federal Reserve's Board of Governors, who has expressed concerns about the Fed's ability to achieve this goal.