IMO inflation target is a joke or mocking in plain sight. Anything more than the population growth rate is too much inflation. New money rob old money like dilute shareholder value when new stock is issued.
You have extra player you increase the banks funny money and give to the new player just like Monopoly.
The only time money supply is increased should be by fixed amount (Total money/Total people) and given to the new born's parents. Death tax would work the reverse as the player quit the same amount is taken out. Anything else is stealing from the current holders.
You are viewing a single comment's thread from: