Comment on Why Bitcoin is a significant breakthrough, but perhaps not as a currencyparentComments−rthomas612yCorrect me if I'm wrong, but I'm pretty sure most economists theoretically prefer an inflation rate of 0. However, they see inflation as less bad than deflation, so they err on the side of caution by generating a safety margin of inflation.−aggronn12yhttp://en.wikipedia.org/wiki/Phillips_curvethis is an old theory and has been refined over time, but its still the basic model taught in economics courses.
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Correct me if I'm wrong, but I'm pretty sure most economists theoretically prefer an inflation rate of 0. However, they see inflation as less bad than deflation, so they err on the side of caution by generating a safety margin of inflation.
http://en.wikipedia.org/wiki/Phillips_curve
this is an old theory and has been refined over time, but its still the basic model taught in economics courses.