>but I still question whether the average person in the average country is better off with the risk that their government mismanages target inflation In recent

>but I still question whether the average person in the average country is better off with the risk that their government mismanages target inflation In recent history (say the past 50 years), how many countries have experienced serious inflation problems that were caused by orthodox, well-founded attempts to manage target inflation? As far as I know, the answer is none. If you have a country where the leadership (usually dictatorial, autocratic, one-party or some variation thereon) has adopted policies that are already leading to economic disaster, then hyperinflation is something you tend to get along with - it's a symptom, not a cause.