Another good argument in favour of a price-level target is that it helps repair balance sheets, so the financial system can work properly.

ECONOMIST: Japan has hitched a ride on China's boom

The weak dollar, which makes it cheaper for importers to buy dollar-denominated oil supplies, is one more factor working in favour of continued oil price strength.

BBC: Commodity boom continues to roll

The commission has pointed out that current price signals are tilted in favour of the use of cars and heavy vehicles.

ECONOMIST: Transport strategy

Some Americans favour a return to a gold standard to ensure price stability.

ECONOMIST: Losing the Midas touch

More than anything they always say 'oh, do this - we'll do two for this price and we'll do it as a favour for you and be your friend' up until a time you've got nothing.

BBC: Meow meow posted to users, BBC Wales inquiry shows

Those I did find still in favour of the British intervention believe any temporary loss of democracy is a price worth paying for stopping excesses, and helping to restore the territory's damaged reputation.

BBC: Today - Mutiny in the Caribbean

He wouldn't favour raising the target from 2%, nor does he think a price level target would be remotely appropriate to the UK right now, because our inflation has been too high, not too low.

BBC: Governor Carney: Same remit, new ambition

Self-styled Conservative modernisers, such as Archie Norman, even argue in favour of higher taxes (higher than what isn't clear) if that's the price of showing that the Tories really have learned to love public services.

ECONOMIST: Bagehot