I suppose from a central banker’s POV, the benefits of inflation are more widely spread as compared to the concentrated gains made by those early to Bitcoin. e.g. if inflation is at 2% but my pay rise is at 5% then I’m ok. And for those who can’t secure pay rises above inflation then the government’s increased tax haul linked to inflation (fiscal drag, greater receipts from sales taxes) helps fund support from social welfare programmes. @frphank what’s the best argument you have in favour of the current monetary system?