If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is fair trade.
The world of the 2 percent target is something truly new and worse than what came before. It’s not just the same old monetary policy but with slightly higher inflation targets.
There is need to realize that the economic policies of self-styled progressives cannot do without inflation. They cannot and never will accept a policy of sound money.
