The article investigates whether inflation targeting helps countries perform better economically. It compares 7 countries that adopted inflation targeting in the early 1990s to 13 that did not. Both groups showed improvements in economic performance after the early 1990s, with targeters sometimes improving more. However, this difference is due to targeters performing worse before the early 1990s, and there is a regression towards the average. When this is taken into account, there is no evidence that inflation targeting leads to better economic performance.