Remember a year or two ago when JPow was asked "why 2% inflation target?" in a congressional hearing, and he danced around, saying how getting people to think it's gonna be 2% makes it more likely to trend toward 2% via self-fulfilling prophecy, and never answered the question of why 2% is beneficial for people?

It's the rate of theft they think they can get away with...that sweet spot of max theft coupled with low enough risk of people catching on.

People fight accepting this fact so hard...