The view that a small positive rate of inflation may actually be good for the economy was first advanced by

Question

Quizplus · Accepted Answer

James Tobin was the economist who first advanced the view that a small positive rate of inflation could be beneficial for the economy. This perspective is based on the idea that moderate inflation can help grease the wheels of the economy by making it easier for relative prices to adjust and by mildly discouraging cash hoarding, thus encouraging spending and investment.

The View That a Small Positive Rate of Inflation May