5 ms·
It's worse than that. Central bankers define 2% inflation as price stability. 2% isn't even stable, it's compounding, prices go up more every year than in the p
by repolfx 8y ago
It's worse than that. Central bankers define 2% inflation as price stability. 2% isn't even stable, it's compounding, prices go up more every year than in the previous year, and CBs say they achieved "stability". Odd use of the word!