This is not true.
The 2% rate of inflation has nothing to do with gold. It is purely a construction by a New Zealand finance minister who recognized that cost of living increased ~1.7% a year. That finance minister then became a board member of the central bank of NZ and the central bank set the first inflation target of 2%, which caught on around the globe as a standard inflationary target.
This all happened in the late 80s early 90s.
Tortuga / 🐢
npub1e3…0qvr5
2024-08-26 08:29:27
in reply to nevent1q…hae0
Author Public Key
npub1e3mx09yq53gyh9368qyuhfstgk8t7p5vvfcnvgwa4994y7rqg37s20qvr5Published at
2024-08-26 08:29:27Event JSON
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