“but economists, including Janet Yellen, President Obama’s nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the economy is weak”
It’s good for the government because inflation is indeed a tax. However they have been lying about inflation all along. The inflation rate has been going up. Ask anyone who has been to the grocery store as of late...
You can bet if Obama and his elk want inflation, it’s bad for the people...
Oh, deer!
Inflation is not good for government if it means increased interest rates. Our debt servicing costs will skyrocket if we ever return to historical norms in terms of interest rates.