You're on to something: the 2% inflation target is just an arbitrary value.
It means your salary is constantly going down for doing the same work - you have to stay on the treadmill just to stay in place.
But if you're an asset holder then the prices of your holdings appreciate indefinitely, and governments get the power to levy this constant invisible tax on the workers.
The gear on the right is fairly typical of how it looks coming out of the printer. You can clean up the frosted glass effect with a bit of polishing, but it isn't ever as clear as the part in the middle.
However, everything I've used starts to turn yellow very quickly. Maybe there's new stuff, but I've tried various lacquers and clear varnish but it all turns yellow in a few days.
I guess they all orbit around the solar system's center of mass (negligibly affected by the universal CoM), but that CoM probably moves around as the planets themselves move.
Relative to what, you might ask? That depends who you're asking 😉
Perhaps the most significant shift was broad agreement on a future road user charge — a reform long seen as inevitable as fuel excise revenue shrinks with the uptake of electric and more efficient vehicles.
So... The productivity commission has broadly agreed to increase the tax on more efficient electric vehicles.
You're on to something: the 2% inflation target is just an arbitrary value.
It means your salary is constantly going down for doing the same work - you have to stay on the treadmill just to stay in place.
But if you're an asset holder then the prices of your holdings appreciate indefinitely, and governments get the power to levy this constant invisible tax on the workers.
Mark Blyth is an expert on the topic: https://youtu.be/GXBSNCysxiA