The Federal Reserve's long-standing insistence on bringing inflation back to 2% is fundamentally flawed, falling into the category of either foolish or malicious reasoning.
Currently, the interest rates of the economic cycle and the future expected returns on financial assets are both declining, while the outstanding debt is becoming increasingly large. However, due to adjustments in industrial structure, the prices of raw materials are continuously skyrocketing, and the Federal Reserve is still fantasizing about bringing inflation back to the so-called rigid target of 2%, which is either foolish or malicious.
With the current outstanding debt, for every day the Federal Reserve delays, the future costs and consequences far exceed the efforts made to control the inflation target.
Retiring early would be beneficial for everyone; maintaining a 3% inflation rate in the current economic cycle would already be a significant achievement.
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