FCK EZB - set of 10

FCK EZB - who decides the value of our money?

Where does the 2% target actually come from?

The European Central Bank describes annual inflation of 2% as price stability. But where do these 2% actually come from - and who decided that a planned loss of purchasing power should be considered stable?

The target is not an economic law of nature but a monetary-policy decision. It is justified, among other things, by a safety margin from deflation and additional room for monetary policy. Anyone who wants to question these basic economic assumptions will find in Eine Revolution der Denkart a fascinating alternative view.

Yet even at exactly 2%, the price level roughly doubles every 35 years. Those who save lose purchasing power in the long run - even though the central bank is meeting its target.

Understanding central banks and money creation

A few decision-makers influence interest rates and the money supply, while all users of the currency bear the consequences. Just how powerful central banks can become as a result is shown by the history of the American Federal Reserve in FED - Die Bank Amerikas.

And new money doesn't only arise directly through central banks. Commercial banks also create new book money when they lend. How this barely understood process works is explained in Geld aus dem Nichts.

Motif and meaning

Bitcoin counters this system with fixed, transparent rules that no central bank can change on its own. We don't need a central institution that defines loss of purchasing power as stability. We need rules without rulers.

Design and what’s included

The sticker comes in a set of 10. Thanks to FlashmanBTC for the design.