Cornered, mr. banker, cornered

• The Fed Needs a Better Inflation Target - Narayana Kocherlakota

• Today, a group of economists published a letter urging the U.S. Federal Reserve to consider a monumental change in policy: raising its target for inflation above the current 2 percent.

Causing a shift in risk with monetary flows chasing. There has always been alternative hedges than the tax dollar.  The sudden changes now come with capital controls increasing, raising ledger fees and moving the system to sandbox. This stuff is increasingly surrounded by new technology.