Infinite Growth And The Fed

The Fed came out yesterday and said they want a higher rate of inflation. They said they have a comfort level for the core rate on inflation and that recently it is running too low for them. Sounds like they want 2% inflation.

To me, this is just sick. 2% doesn't sound like much, but in the long run the dollar still goes to zero. Even a slow persistent inflation eventually takes away all the value. There is a curve to describe this process. It is the curve for exponential growth. They call it hyperbola.

Our rulers want a hyperbolic economy. Don't they realize this is impossible in the long run? Hyperbolas go to infinity, and it happens rapidly.

To me, the comfortable level of inflation is zero! In my lifetime the dollar has lost about 90% of its value. And the policymakers like that and want it to continue.

Inflation is not a good thing. The fear of deflation is not a good thing.