I think you have misread ElK
by ufl (2024-02-27 14:15:15)
Edited on 2024-02-27 15:46:50

In reply to: Going back to 2% just means that price increases have slowed  posted by EricCartman


He's not talking about return to the level of prices just before inflation rose above 2%. He's talking about graphing where prices would be if we had experienced 2% every year since then and getting the actual price line to intersect that line at some point.

We could, in principle do this by having 1% inflation for some period of time. However, I agree that a monetary policy which would produce that would probably be accompanied by a recession.


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