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<p>[QUOTE=&quot;-jeffB, post: 8142727, member: 27832&quot;]I grew up in the 1970s, with &quot;inflation BAD&quot; as the universal assumption -- and when inflation was stubbornly in double digits, it <i>was</i> bad.</p><p><br /></p><p>Since then, I&#039;ve seen many claims that stable money just gets hoarded, instead of being put to work. (Deflation makes this <i>much</i> worse.) It&#039;s apparently a societal good for your money to be invested and put to work in ways that generate returns, rather than just sitting in a vault. Mild and ongoing inflation encourages this.</p><p><br /></p><p>Of course, there&#039;s a powerful streak of &quot;to heck with <i>society</i>, I&#039;ve got mine&quot; running through the American psyche.[/QUOTE]</p><p><br /></p>

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