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Re: by barry-cotter on Saturday October 29, 2022 @02:52AM (#33381668)
The costs of inflation are mostly in surprise, adjustment, monitoring or uncertainty. A stable rate puts all of those at or near zero. High, stable, predictable inflation would be better than usually low but unstable inflation. For a perfectly fine introduction to why inflation is bad see the link below.

https://quickonomics.com/the-costs-of-inflation/#:~:text=The...

Re: by raydiatian on Saturday October 29, 2022 @03:38AM (#33381894)
I see! It’s like friction, then? We dissipate some amount of value out of the economy to apologize for the logistics of inefficient change?