What’s one good thing about high inflation?
The real value of your debt (as long as the interest rate is lower than inflation) will be reduced.
When we don’t have inflation, we get deflation.
Deflation is when everything gets cheaper.
Our money buys more, not less.
Things like technology drive deflation.
Deflation sounds pretty good, come to think of it.
The only thing that doesn’t get cheaper with deflation is debt.
Debt gets more expensive. It grows.
The thing you bought is now worth less than you paid, and you still have to pay the interest.
Everything, including our time, gets cheaper.