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A comment on Why the 2% Inflation Target? (2023). Parent comment

Re:Why the 2% Inflation Target? (2023) by paulddraper on Friday March 22, 2024 @05:03PM (#39794840)
> Implying it's some sort of a "hard currency" or can be used to compare prices of goods/services/housing over long periods of time is just absurd.

It goes up and down, but it's the most stable denomination of value that exists. Yes?

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Re:Why the 2% Inflation Target? (2023) by qwytw on Friday March 22, 2024 @05:22PM (#39794997)
> Yes?

Not really? Adjusted by inflation it's very volatile and not at all stable. Gold now is worth ~7x more than in 1970 but 25% less than in 1980, yet 4x more than in 2000 but still less than in 2011... There were some periods since 1970 where the (CPI adjusted) price of gold was relatively stable but that's certainly the exception and not the rule.

> but it's the most stable denomination of value that exists

You might use oil instead? It's not that much more unstable than gold.. Or wheat?

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Re:Why the 2% Inflation Target? (2023) by the_gastropod on Friday March 22, 2024 @05:05PM (#39794857)
As measured by what? Volatility? Absolutely not.
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Re:Why the 2% Inflation Target? (2023) by bsdpufferfish on Friday March 22, 2024 @10:03PM (#39796829)
Relatively constant demand, and difficult to increase supply.
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