>Are you hoping for deflation Long term yes. >but I suppose you'd still be worried that it's high relative to some other arbitrary point in history Ideally t

>Are you hoping for deflation Long term yes. >but I suppose you'd still be worried that it's high relative to some other arbitrary point in history Ideally the inflation rate should be around 0.1% and stay consistent with real economic output, instead of going towards feeding a parasitic financial sector. >Employment rates I think you might be right on this point. >That scenario is plausible at any point in time, no? No, recent stresses have made it much more likely. >If you know of a "slow inflation but don't risk spooking lenders" button, I'd love to hear about it. In an ideal world I would spook the lenders more aggressively, and cause the immediate systemic failure of the banking system, and just accept the fallout, but unfortunately such things are relegated to the realm of fiction for now.