

I would maybe argue that, when it comes to debt, sure inflation might be good, but only if inflation is higher than the interest rate. This is because the amount owed (initial plus interest) is decreasing in value due to inflation. However, if one doesn’t have debt (besides national debt, I suppose), then this argument is moot.
Devaluing a currency over time incentivizes it to be spent, which could be argued is a good thing, but there’s a problem. Human necessities exist on a market, so the money has to be spent, anyway, on things like food and housing. Devaluing currency faster than one can save it (inflation is greater than the interest rate given by banks) only serves to make it harder to make large purchases. One can buy their necessities, but struggles to save for a house because money not spent on necessities loses value too fast to be saved for a down payment. Pair this with wage stagnation, and we see that the difference between net income and necessities can become negative: income is no longer enough for necessities, and saving is impossible.






Woah woah woah. Slow down, there. You weren’t selected to lead, just to join. You gotta work your way up!