That thesis was for my senior year economics class. Remember getting a 95 out of 100 grade on it and subject matter including inflation's positive and negative effects on an economy. Stuff like interest rates regulated by central banks; investment encouraging; money supply; and rise in the general level of goods and services pricing, blah, blah, blah. The ususal bloviating on such a dry topic; conclusion being most economists favor a low, steady rate of inflation, enabling the labor market to adjust more quickly in a downturn. I can remember my folks' taking mortgages at 14 to 16 per cent, back in the dark ages! LOL...
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