[researcher88]

Well you can't really be a Keynesian and think inflation is bad. Who does it favor? Governmentts and the rich who get the new money first.

For regular people, it encourages them to spend money now and not save. And the only way around it is to invest in the stock market etc where they may make mistakes.

As for your implied notion that it's been stable inflation, I'm not so sure. In the last 40 years, the average price of key foods have increased 400 to 500% when agricultural science and distribution has improved dramatically.