The 2% Inflation Myth

How Central Banks Sold the World a Lie

For decades, economists, politicians, and central bankers have repeated the same mantra: “Stable prices mean 2% inflation”. It’s everywhere, on Federal Reserve podiums, ECB press releases, IMF papers, and Bank of England briefings. The number 2% has been elevated to the status of divine truth, an anchor of “stability” and “credibility”. But where did th…