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

Re:Why the 2% Inflation Target? (2023) by silent_cal on Monday March 25, 2024 @10:28AM (#39816779)
This isn't true historically. In ancient times, a day's labor was the unit of currency. A "talent" in the Bible, for example, is a unit of metal representative of a day's wages.
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Re:Why the 2% Inflation Target? (2023) by Wytwwww on Wednesday March 27, 2024 @10:38AM (#39839790)
> A "talent"

Was equal to about 26 kilograms. For most labourers that was about 10 years worth of wages...

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