Exactly.. In fact, I'd go even further and say that everyone who is not an economist or a nerd likes having just a little bit of inflation. "Normal" people lik

Exactly.. In fact, I'd go even further and say that everyone who is not an economist or a nerd likes having just a little bit of inflation. "Normal" people like going into their year-end review at work and getting that 2% cost of living increase. Or maybe they'll bitch that they didn't get it. Or they might even picket and protest if their union hasn't gotten this bonus in a few years. But they will absolutely not accept a situation where ever year their salary has to float around because it's tied to a fixed money supply that they don't understand. Could you imagine this? "Hey great job this year, but the economy is really taking off, so we need to cut your salary a bit to make up for that! Trust us, you come out ahead because the cost of goods has gone down and you can buy more with less." Gentle inflation means gentle rising salaries, spending money, and happy people. ANY deflation means decreasing salaries, hoarding money, and people freaking out.