Wait I don't get one thing.
How is making money worth less (not worthless, yet at least) a GOOD thing for the economy? Cause that's inherently what inflation is, printing money which then makes each individual dollar worth less, no?
Also, correct me if I'm wrong, I very may well be, but they don't include housing and such in the inflation standards I thought.
Additionally, it's actually the case that many governments in the past have periodically tried to depreciate their currency's value for economic advantage (and many other countries have complained against that practice). Most WANT a weaker currency.
Ie. There’s actually a tipping point where if you try to depreciate your currency too much, your trade partners may cut you off or throw tariffs on you because you are too aggressively tipping the scale of who is more attractive to private investment etc.
China is a common example. If you undervalue your currency, your market becomes comparatively more attractive for foreign investment and development activities like contracting labor or setting up manufacturing. If your currency is cheaper, it becomes cheaper for foreigners to hire your workers, build plants in your country, manufacture and export from your country-- you know, base activities that tend to develop areas and improve living standards (given the right incentives regulations). Like, if you need well educated, well connected workers it's a lot cheaper to grant cash for schools and roads to a local government in a country with cheaper currency.
If you are an economy looking to SELL productivity to the world and buy less of the world's goods (probably the case if you live in an under developed area of even a rich country like the US) than having a weaker currency can definitely be a boon.
If you are an economy looking to BUY productivity than a stronger currency can help you do so for cheaper relatively.
And since many countries would rather be sellers than buyers (even rich countries like the US do not want to disadvantage their exports infinitely— if at all), would rather maintain trade surplus than deficit, be more attractive to foreign investment than do the foreign investing— there’s actually maneuvering, negotiation, retaliation to see how much currency depreciation a country can get away with.
While maintaining a sufficient/minimum buying power to get sufficient imports of materials for production and consumer goods needed to keep the citizenry from revolting— beyond that most countries in the world want to depreciate their currency as much as they can get away with.
This is an over simplification, but the point is that what's "good" for an economy is subjective (depends on what measures of "goodness" you are looking for towards the citizenry), and the benefit of stronger or weaker currency is contextual to what specific economic objectives you have in the local or country level or even personal level economy you are defining.