it had emperically shown to be effective for the economy.
in the end the economy as a whole is a setup for work and collaboration.
if the farmer does not want to work, i can't spend my earned money on their produce.
inflation has shown to be an effective tool to ensure that people partake in the workforce.
- lowering wages keeps people on the lookout for new skills and increases job mobility.
lastly, inflation does not. increase the wealth of bond holders. only when they miscalculated their rate such that interest is higher than inflation. This has certainly not been the case the pa's 6-7 years where bond holders have lost big time.
