Emac, you are still wrong about the tariffs. But I agree with you (to an extent) when it comes to inflation.

I understand the argument that the other side offers, namely that because inflation decreases the purchasing power of your goods, it drives investment. While deflation drives saving because the value of your currency is worth more on any given day.

However inflation is often incredibly damaging to the lower classes, especially when it drives unnecessary spending. Ideally we would have a situation were the currencies purchasing power remained neutral, to put an equal priority on saving and spending. As it stands I believe too much weight it put on spending and not enough on saving, among individuals. I appreciate that additional investment drives business, but I tend to prefer more cautious growth, which is more likely to occur when saving isn't being disincentivized by inflation eating away at the value.

Though I am sympathetic to the argument that savings should be invested, which is incentivized in a society with an inflationary currency, frankly, though I would prefer we did away with mandated control of the money supply, and opened currency to the market, to allow a number of competing currencies.