If an economist has one leg in boiling water and another leg in a block of ice, "on average" he is fine. But is he really?
First of all the average of 2% doesn't let the money-printers off the hook, because we should be questioning what is in the basket that makes the 2%. If flat screen tvs and smartphone prices drop 10% but food and healthcare goes up 12% a YEAR, is that a good deal?
So please, dear economists, stop hiding behind a fictional 2% that no one can really buy or need.