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.

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2% target was made up by some dude in New Zealand. 3 decades ago.

I understand it's effect within an inflationary, fiat debt based system. But yeah. Ugh.