4% says, you have to be a son of a bitch.
😂 4% of the CPI translates into 15% annualized 🤡 .
Discussion
Sure, why not. 4 is just as arbitrary as 2.
Btw it's amusing how ECB defines the target. Not as a range but as an average of all states inflation. So it usually means that no state is on the target. even if the average is spot on target.
our system is falling apart so we can't restrain ourselves to taking 100% of new productivity plus a further 2% of your wealth, we have to bump it up
"Here's why this is a good thing"
Is your income going up as much as CPI is? If not you might have a problem with your income, not with inflation.