When prices are stable, people can hold money for transactions and other purposes without having to worry that inflation will eat away at the real value of their money balances.

Ben Bernanke
  |   favorited by 0 users
Submitted by: TheQuoted

Under a paper-money system, a determined government can always generate higher spending and hence positive inflation,

Ben Bernanke
  |   favorited by 0 users
Submitted by: TheQuoted