2% target was made up by some dude in New Zealand. 3 decades ago.
Why is the "target" inflation rate 2%? 🤨
"Because it's not enough to notice for most people. If 2% of the items in your house went missing per year, most people might not notice." - nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
(I'm paraphrasing from memory)
Just enough to steal from everyone with not too many people noticing or wanting to overhaul the system.
Soon though...
Tick tok, next block.