The article discusses how countries have shifted from targeting money supply to targeting inflation in their monetary policies. Inflation targeting has been successful in controlling inflation and promoting growth without increasing output fluctuations. Transparency and communication with the public are key to the success of inflation targeting. It helps central banks remain independent and accountable, focusing on long-term goals like controlling inflation rather than short-term economic boosts. Inflation targeting is flexible, with targets always above zero to maintain credibility. It also considers traditional stabilization goals and the importance of not undershooting the inflation target. Targeting asset prices like exchange rates can have negative effects on performance.