

Deflation is bad. Then people stop spending, postpone all purchases, economy grinds to a halt, people lose jobs and companies go bankrupt.
Hyperinflation is bad. Then people spend money like toilet paper: money becomes worthless. No one has anything left to invest or to save for pension or a big plan or dream.
The general goal of aiming for about 2% inflation is basically just there to try to prevent those two worst case scenarios from happening. It’s the least bad of all evils: money sort of keeps it’s value, evolution of product prices are rather predictable, people know what they will be able to buy with their wages. Inflation is not inherently tied to capitalism only. Socialist/communist economic experiments experience very similar phenomena.

Lol Volkswagen, the company that actively rigged diesel cars to pass the tests… ? Dieselgate. The German car manufacturers are hopelessly late at EV because they wanted to drain every last penny out of their ICE. The EU setback to extend ICE is after German car manufacturers lobbied… They are killing themselves in the long run, for bit more production in the short run. They saw this all coming decades ago and made wrong choices. Now they’re fucked. The Volkswagen id (EV) sales numbers are so disappointing they had to lower production and make employees stay home.