Inflation targets and inflation indexing aside, it is pointless to discuss.

As long as ANY inflation persists: The system fundamentally doesn't have the currency to meet its debt obligations, the system needs to lend currency into existence to pay for servicing the debt.

That is a vicious circle at an exponential rate, a pyramid scheme. The outcome is predictable from the very outset with certainty; rampant inflation and complete debasement as a result.

A system that has inflation is a non-zero-sum game, it has an external upkeep. In the end, everybody loses.

#Bitcoin fixes this