Such a single-minded focus on inflation surely must lead to destabilisation of 'teh economy', yes? Oh yeah, focus is good, focus is bloody everything, single-mindedness is the sine qua non, but the more you focus, the greater the unintended (? hmm?) consequences.
I'm so sorry, this post is heresy.
Common sense is another thing entirely.
Even if I understood more about this I'd still stop here because I've just got back from Gladstone, fried a couple of sausages for dinner, had a beer, am about to have another, and don't...