what is a zap?

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You’re in control of the board.

I'll take Shit Central Banks Say for 800, please

It’s obviously not obvious why we target 2% inflation.

what is "an entirely arbitrary inflation target"?

From an article I saw recently:

"'You would think that ... maybe somewhere in the Bible, God says he wants 2% inflation,' Laurence Ball, professor of economics at Johns Hopkins University and a consultant for the International Monetary Fund."