Growth should approximate population growth over time. It doesn’t have to match it step for step every single year. It bothers me that the central banks use inf

Growth should approximate population growth over time. It doesn’t have to match it step for step every single year. It bothers me that the central banks use inflation targets as an excuse to not raise rates - inflation is lumpy and not linear, as we see today. They should have raised rates much earlier and allowed for zero inflation, so that today we wouldn’t be in such a precarious situation needing dramatic rate increases to counter dramatic inflation.