Is there some sort of mathematical reason behind this goal? Does 3% have some sort of long-term effects such that it becomes uncontrollable or something?
It seems like, inflation or not, places are just as busy (restaurants, Target/Wal-Mart, Costco, etc…).
In: Economics
Someone wrote a paper declaring 2% as the magic number by circa 1995, and for some reason it caught on and now everyone acts like it’s based on some immutable law of economics.
Source: an economics YouTube channel
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