>Inflation severely disincentivizes savings and rewards consumption.
Good. We've been suffering from deflationary policies that led to demand shortages and low productivity growth since the 1980s. There's a healthy balance, but ultimately there's no moral virtue in economic austerity.
Good. We've been suffering from deflationary policies that led to demand shortages and low productivity growth since the 1980s. There's a healthy balance, but ultimately there's no moral virtue in economic austerity.