2% was a 50-year timespan, which meant you probably wouldn't notice until they had stolen everything and you were dead.

Criminal

😂🤣🤣 2% inflation. Has he tried to buy anything recently??

Fuck that guy

Smart…

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe always said if someone was coming in your home and stealing 2% of your stuff over the course of a year you wouldn’t notice. That’s the only reason they “chose” that arbitrary number

I apologise on behalf of the people of New Zealand.

the 2% is arbitrary but will need to move even higher now to inflate away some of the debt. there will be printing and more theft. classic finance used to frame the 2% is roughly in-line with developed economy real GDP growth (population + productivity) so you could at least be flat or positive if t...

The 2% inflation target, was never an official mandate it just became widely accepted by repetition over time. Check out the FOMC meeting minutes from July 1996, when Alan Greenspan was fed chair and Janet Yellen was on the Board of Governors. https://www.federalreserve.gov/monetarypolicy/files/...