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Re:Federal Reserve Now Projects Rate Increases in 2023 as Ec... by colinmhayes on Wednesday June 16, 2021 @04:09PM (#27532906)
>I have yet to see a single compelling argument as to why an arbitrary 2% target is superior to say just a 0% target. Macroeconomics is basically a pseudo science anyways.

Because deflation is horrible and inflation targets are just targets, it's impossible for the central bank to know exactly what will happen. If they target 0 there will be some years with deflation which destroys liquidity.

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