That is true although I will same I believe as more technology takes over, the Fed will have a tougher time hitting its 2% mandate. Already more than 2% of the world wide economy is operating under the laws of IT which has a huge deflationary rate. My best estimate is that the US is closer to 4% since it is an advanced nation. That will only continue to grow as a part of the overall GDP.

By the way, if you want a laugh head over to my blog and read the post about $5M bitcoin.....