Comment Re:What's the best value for inflation? (Score 1) 335
Currently believed to be about 4%, but it does heavily depend on human behavior. To wit, when we need deflation humans do not like to explicitly reduce wages, they would much rather simply not give you a pay increase and let inflation erode your wages away.
Because of this we need 4% inflation rather than the 2% inflation target proposed nearly two decades ago, which had ignored this all too human variable.