So-called expert opinion financial times article seems to be constructed by the unthinking.. In this article, a narrative is spun on why the ECB may not sustain a 2% rate of inflation.
The one question nobody asks is why do they want 2% inflation a year?
Is this about inflation of the money supply or price inflation? We would think it means the former but likely discussing price inflation. Which means Christine Lagarde is committed to making things 2% more expensive every year. Why? To keep people working? To erode savings? To inflate away debt?
In a productive economy, the costs of many goods and services should go down.
The end result is many reading the article believe 2% inflation is necessary but don't know why.