As several people keep hammering into my head, inflation is not the same thing as what people would consider "growth".
Depending on your school of economic thought, inflation represents the increase in money supply. So, if I took away every $1 bill and replaced it with a $100 bill, the willingness of everyone to now pay $100 for a coke is inflation.
It seems to be an accepted principle that we want to keep people from hoarding cash, so inflation of ~2% is wanted. It gives everyone a nice buffer to avoid dipping into deflation.
Depending on your school of economic thought, inflation represents the increase in money supply. So, if I took away every $1 bill and replaced it with a $100 bill, the willingness of everyone to now pay $100 for a coke is inflation.
It seems to be an accepted principle that we want to keep people from hoarding cash, so inflation of ~2% is wanted. It gives everyone a nice buffer to avoid dipping into deflation.