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[–] ForTheUltimate ago 

Because you're clueless about how it could be.

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[–] CanIHazPhD ago 

Yeah, right.

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[–] ForTheUltimate ago  (edited ago)

Say market set interest rates are at 6%. If you lower them to reach your stupid inflation target, now firms that are only profitable at 5% take and bid up resources used by those at 6%. Translation: ressources are not going from 6% return projects to 5%, and this isn't corrected my natural market forces, because you've artificially suppressed them with lower itnerest rates. The proof is when you idiots raise your interest rates, you get a recession everytime and more surely so, the longer you've fed inefficiency that can't survive without your intervention.

Go ahead and teach me something. Use logic first. You're not going to convince me of a mathematical rule by giving examples, you're going to have to logically demonstrate it always holds.

If you don't want to meet that standard well then fuck you for not even trying.

The only thing holding your delusion is technological improvement increasing productivity faster than you technocrats are destroying it, thus cancelling out a lot of your inflation, for now.

And as I expect you won't reach that standard. You also failed for a mere empiricist when presented with the century long deflation in the Gilded era.