How they came up with 2% inflation

Inflation Is Dead... Long Live Inflation

Submitted by Sebastian Bea of One River Asset Management ZEROHEDGE

60 years. That’s the median age of FOMC members. It puts their prime college learning years from 1983 to 1988, a period of exciting change in economics. Policy was attentive to taming inflation and shrinking the role of the government. Academicians …