Re:Why the 2% Inflation Target? (2023)
by pixl97 on Friday March 22, 2024 @06:08PM
(#39795372)
We've done that before... the boom bust cycles were far worse.
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Re:Why the 2% Inflation Target? (2023)
by bsdpufferfish on Friday March 22, 2024 @10:03PM
(#39796820)
Yep, societies just don't function until you establish a central bank with fiat currency and fractional reserve banking. It's a law of human nature.
> the boom bust cycles were far worse.
No, they weren't. The worst depression in history, the Great Depression of the 1930s, occurred after the Federal Reserve was in place in the US, and similar central banks were in place in other developed countries.