I’m a little confused and not knowledgeable on this at all so I’m genuinely curious: if inflation goes crazy for years, like 8% for 4 years let’s say, why is there no concerted effort to drop it for a while, like -5% for 4 years, to “bring it back” to the 2% aimed for originally? If that makes sense. It seems like if inflation gets insane we’re all just stuck with it for the rest of time?
I’m a little confused and not knowledgeable on this at all so I’m genuinely curious: if inflation goes crazy for years, like 8% for 4 years let’s say, why is there no concerted effort to drop it for a while, like -5% for 4 years, to “bring it back” to the 2% aimed for originally? If that makes sense. It seems like if inflation gets insane we’re all just stuck with it for the rest of time?