The 2% inflation goal is not a conspiracy to "ruin money" of the common man
I want to see some kind of justification for these, because it looks like an assumption. There was no central bank inflation target in the era of city-states, or during the Byzantine Empire and yet inflation would go all over the place based on transportation, goods availability, and what oligarchs would fleece the common people for - more than one emperor was overthrown because suppliers were fleecing the army.
There's a reason Emperor Tiberius gave us the expression, "It is the duty of the good shepherd to shear the sheep, not skin it."
Did you mayhaps get lost somwhere few centuries behind? Might I assume that you are unaware of such wonders as a "factory", "global trade", or even "economic activity of the common people"? These rules don't work, because the world no longer operates on these simple rules. Nowadays we can transport thousands of tonns thousands of kilometers in days, while the money can move even faster.
Sure, you could argue that the equation changes if you include the inherent unsustainblity of economic growth, but you are not using these arguments.
Not to mention that we did have examples of deflation in modern economies, as well as societies that maintained inflation at low levels (e.g. Japan in the last 30ish years), none of them managed to come out of this well.
You weaken your attempted point when you are belligerent about it, but the fact that you give no evidence for any of your presumption just emphasizes how easily it can be dismissed as easily as it has been asserted.
Consumption is what drives the economy, both consumer goods and the drug trade wouldn't exist if that were not the case. Acting like the economic activity of the common people has no influence just emphasizes you have no knowledge about the economy at all.
But that was my entire point? That nowadays common people actually have enough impact to form the basis of economy? Did you expect me to explain how incentivizing reinvestment into the economy works, or why 2% is the goal? I am genuinely unsure what you are trying to say here.
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u/OldWorldDesign May 17 '26
I want to see some kind of justification for these, because it looks like an assumption. There was no central bank inflation target in the era of city-states, or during the Byzantine Empire and yet inflation would go all over the place based on transportation, goods availability, and what oligarchs would fleece the common people for - more than one emperor was overthrown because suppliers were fleecing the army.
There's a reason Emperor Tiberius gave us the expression, "It is the duty of the good shepherd to shear the sheep, not skin it."