Amity ShlaesCompte certifié

This is so true!

Well yea, if you keep it in a shoebox. But not if you invest it.

35 years to be exact.

I was just debating this point with a friend, a strict Austrian. My explanation was Fed’s dual mandate and trying to balance the two, with a bit of a buffer, to avoid the dreaded deflationary spiral. 2.0% is an arbitrary round #, but easier to communicate to public, I am guessing

It also means that if you borrowed that dollar, you only need half that to pay back your lender. As a society based on ever-increasing debt, we are screwed if we slide into negative interest rates

I guess because of fear of deflation which is much more dangerous than some inflation.

Yes yes yes. Inflation is theft.

Everybody is afraid of 0%as this can lead to debt deflation

Orwell would be proud (or spinning in his grave, depending) that "price stability" means chronic 2% currency devaluation