“And the Inflation Target should be Zer0.”
Never happen, that’s crazy. That’s a recipe for a no-growth economy in recession more than not.
Recession, by definition, pretty much has a negative growth rate.
I could go as high as 0.25 as an Inflation Target.
[I know that the only way out of the Yuge Debt of/for America is to inflate the currency, with actual economic growth alongside.]