A small amount of predictable inflation is good for the economy. You get to pay your car loan back with dollars that are smaller than the ones the bank fronted in the first place, and the bank has money to load at all because it makes sense for everyone in town to deposit their extra dollars rather than just hiding them at home.
It’d be nice to have some revaluing of physical currency though, since the spending power of a single dollar today is about what a nickel was a century ago. I wouldnt mind if tiny metal discs with Jefferson’s face said “one dollar”.
A small amount of predictable inflation is good for the economy. You get to pay your car loan back with dollars that are smaller than the ones the bank fronted in the first place, and the bank has money to load at all because it makes sense for everyone in town to deposit their extra dollars rather than just hiding them at home.
It’d be nice to have some revaluing of physical currency though, since the spending power of a single dollar today is about what a nickel was a century ago. I wouldnt mind if tiny metal discs with Jefferson’s face said “one dollar”.