Cash is not a store of value, it's a mechanism of exchange. It never has been a store of value. It's supposed to be safe but if it has zero risk, then it has z

Cash is not a store of value, it's a mechanism of exchange. It never has been a store of value. It's supposed to be safe but if it has zero risk, then it has zero return. Inflation is a bit like maintaining the pressure in the pipe of the flow of money. Inflation also has the effect of discounting debt, which means it is good for borrowers, not lenders. Most people are borrowers, in terms of things like house mortgages and other debts. That's a good thing, but you also don't want wages to have to grow too fast with prices.