I'd like to add that the monetary inflation is intentional.  It is not *just* profligate government spending out of borrowing.  It is also from a belief that currency *should* go down in value in order to incentivize people to spend their money faster, which drives an economy to grow faster than it would have otherwise. 

 Concur this is one of the justifications for maintaining inflation and government (via central bank) control of the money supply. 

A side effect is its economic distortion from normal in that it incentivizes consumption over savings.