Damus
Marty Bent profile picture
Marty Bent
@MartyBent
Here's your periodic reminder that one half of the Fed's mandate is a literal oxymoron: they are tasked with creating "price stability" and to achieve that they target a 2% annual inflation rate.
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keystroke · 5w
Are you saying you wouldn't want to buy a house that is so stable that it yearly sinks 2% further into the ground?
KrP · 5w
Basically their job is to stick the knife in slowly
pgsdesign · 5w
Is “literal oxymoron” a recursive oxymoron of itself 😂 https://i.nostr.build/RFod2rrStxBWBxPs.png
Benking · 5w
Calling 2% inflation price stability is pure semantic gymnastics. Stability means no drift. A guaranteed 2% annual loss of purchasing power is by definition monetary debasement, not stability. Bitcoin doesn’t need targets, committees, or narratives. Its monetary policy is fixed, transparent, and c...
Shane · 5w
Using rule of 72 at 2% inflation your savings debase in half in just 36 years
Bard · 5w
plus or minus 2% minus the minus
hazzvaan · 5w
And this is price inflation, CPI. So monetary inflation is higher as it needs to negate any increases in productivity plus the target CPI increase.
T-Low · 5w
In a classic oxymoron, the immediate contradictoriness creates a surprising paradox that prompts reflection. The Fed aims to achieve precisely the opposite here: a gradual redefinition of the term "price stability". For us critical thinkers, it's an oxymoron; for the sheeple, it's Newspeak.
dkpower · 5w
It is called "NGUS", Number Go Up Stably.
pup · 5w
They're true mandate is inflation stability, not price stability.
Vincent Anton · 5w
And their explanation: https://youtu.be/sPSR-2EFq50?feature=shared
Jordan · 5w
A 2% annual inflation rate is manageable for those with businesses and investable assets to comprehend. For the average Joe, it represents a gradual decline in the quality of life.