Central Banks’ 2% Plan to Impoverish You…”the household frogs in the kettle of hot water never realize they’re being boiled alive”
by Charles Hugh-Smith
ZeroHedge.com
12/11/2014
The 2% target is low enough that the household frogs in the kettle of hot water never realize they’re being boiled alive because the increase is so gradual.
A comment by correspondent David C. suggested the importance of demonstrating the impoverishing consequences of central banks reaching their 2% inflation target. David observed: “That central bankers aren’t all hanging by their necks from lamp posts everywhere is a testament to how scarce are those who grasp exponents and compounding.”
Anyone with basic Excel skills can calculate the cumulative impoverishment caused by central banks’ “modest” 2% annual inflation. Here is my worksheet:
The Rest…HERE
