If economic growth were held constant, one would obviously prefer low (but positive) inflation. However, if there's a trade-off between the two, we'd still wan

If economic growth were held constant, one would obviously prefer low (but positive) inflation. However, if there's a trade-off between the two, we'd still want to optimize for the goals of long-term growth and low employment, and to some extent equality. Controlled inflation is a means to an end, not an end in itself.