Chair Ben Bernanke

The 2 percent target was officially adopted in January 2012 under the leadership of then- Chair Ben Bernanke. - council on foreign relations

It's a made up number.

JPow pretty much said that the 2% target is a Jedi mind trick when asked how it's good for people 😂😂😂

Very interesting how ~60 years ago affirmative action allowed households to “double” their income with both partners going off to work, but now today two incomes just somehow has less purchasing power than 1 income did to begin with. Curious. Wonder what could be the cause. 🤔🤔🤔🤔🤔

It’s because some dude in New Zealand years ago said so and it stuck! 😂

The 2% number is made up. They can’t control inflation if they keep printing shitty fiat at a higher and higher number.

🎯 100%

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🎯 100%

Don’t forget to add that innovation significantly improves productivity, on the scale of at least 6% annually. So they are stealing at least 8%. And then, due to misallocation of capital, inventions are stifled. Companies like Boeing would no longer exist. We wouldn’t be flying around in 1940s technology. Etc etc.

I gripe about this on my podcast quite frequently. People just don’t get that 2% steals a lifetime of work over an average lifetime.

Danger to overlords = lock down the plebs

I think they'd prefer higher, dilutes the debt faster, but the 2% figure is more palatable to those who have to put food on their table.

Great take.

The number was pulled out of their arse...but still a great post Jameson!

European perspective: 50% Tax feels normal. 10% price increase in the supermarket feels like a social contract gets broken.

On one end we have slow theft. On the other government harrassment. In the middle is the no-KYC kindling of a new culture.

Why do we think it's a good idea to use money we borrow from a private corporation? We literally pay interest on every paper dollar in circulation. Isn't this unConstitutional? Isn't it Congresss' responsibility to mint coin?

You know you are getting scammed when they have to come up with terms like "headline inflation vs. core inflation"... Or how the consumer price index basket of goods gets swapped to make things look rosier than they really are. Either way it is a racket. Bitcoin, Gold and Silver is the only sound money to me.

you're an idiot.

Not so much theft to cause the citizens to revolt.

#taxationIsTheft

#inflationIsTheft

#beUnruly

Well put. Tell your friends.

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