The costs of inflation are mostly in surprise, adjustment, monitoring or uncertainty. A stable rate puts all of those at or near zero. High, stable, predictable

The costs of inflation are mostly in surprise, adjustment, monitoring or uncertainty. A stable rate puts all of those at or near zero. High, stable, predictable inflation would be better than usually low but unstable inflation. For a perfectly fine introduction to why inflation is bad see the link below. https://quickonomics.com/the-costs-of-inflation/#:~:text=The%20Costs%20of%20Inflation%201%201.%20Shoeleather%20Costs,Distortions%20...%205%205.%20Confusion%20and%20Inconvenience%20 https://quickonomics.com/the-costs-of-inflation/#:~:text=The...