Inflation targeting, widely adopted by central banks in the late 20th century, is one of the most celebrated tools of contemporary monetary policy under the current global monetary order, the fiat dollar standard. This paper demonstrates that the commonly accepted 2 percent inflation target—a centerpiece of this strategy—is entirely arbitrary, lacking sound theoretical justification or empirical necessity.

This policy paper critically examines inflation targeting and related centralized monetary rules, such as monetarism’s K-percent rule and the Taylor rule, to expose their fraudulent, destabilizing, and structurally unjust nature. These rule-based approaches are shown to be mere technocratic contrivances, designed to obscure the inherent instability, currency debasement, and economic dispossession that occur in fiat monetary systems.

Grounded in the philosophical, economic, and civilizational framework of Africonomics, this paper argues for the rejection of inflation targeting and centralized monetary management in favor of a market-based, commodity-linked currency system based on economic truth, justice, and respect for property rights. Only through the abandonment of these artificial inflation anchors can Africa—and the world—foster ethical finance, monetary justice, economic stability, and long-term prosperity.