Research
Research notes
Each note starts from a question, lays out the mainstream and alternative explanations, and labels every claim so you can see what is established, what is interpretation, and what is still open.
All notes
- PublishedMoney and Human TimeSep. 28, 2026
Is 2% Inflation Necessary for Economic Growth?
The Federal Reserve targets 2% inflation. Productivity lets society produce more with less work — so why is a steadily rising price level treated as the goal? We compare the standard case for a positive target with the hard-money critique and test both against historical evidence.