Modern central banks aim for a 2% annual inflation target, a strategy that seems counterintuitive. Despite productivity gains, they work to offset deflationary pressures, ensuring prices keep rising. Why this intentional push against the natural trend?

Central bankers strive to prevent deflation by embracing currency debasement. The 2% inflation target becomes a paradox, as they intervene to maintain upward price trends, contradicting the expectation of decreasing prices with advancing productivity.

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