tag:blogger.com,1999:blog-3758330678390419129.post6877531437902087551..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: 22 Days in Paul Krugman's Masterclass (Day 5) (His Worst Class Yet But One Good Joke)Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-28138802520840039332018-11-23T12:13:03.005-05:002018-11-23T12:13:03.005-05:00I don't think 2% inflation is arbitrary. But i...I don't think 2% inflation is arbitrary. But if I am correct about why it was chosen then it is best for people like Krugman to say it is arbitrary. 2% inflation IMO is a very good rule of thumb for raking off the year over year productivity increases and sending that benefit to those at the top of the pyramid that get to use the new money first. If they took more people would notice their Jimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83104664021729960842018-11-23T08:27:07.334-05:002018-11-23T08:27:07.334-05:00You're going soft, Wenzel. That joke isn'...You're going soft, Wenzel. That joke isn't original. Therefore, an "F" for plagiarism!<br />AnnCapphttps://www.blogger.com/profile/04517128415566341346noreply@blogger.com