Opinion | Wonking Out: How Low Must Inflation Go?

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Paul Krugman
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The peculiarity of the 2 percent target.

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Clive Thompson 8 months ago

For policymakers in the US, what is an acceptable core inflation rate? In the 80s it was 4% — roughly what we have now — and that was considered awesome But later it lowered to 2% Interesting historical analysis by @paulkrugman: