I used to be more critical about inflation too. But after doing more studying, I think there is not always something wrong with it.
For example, the Steem blockchain needs inflation to be able to function.
More important than inflation itself, is who the money is going to and how transparently this is done.
I read this book about the topic recently, and is certainly worth reading.
Sure. It's a baked in cost. That isn't necessarily a bad thing, but if it's paid as a form of extortion and you get nothing or perhaps worse in return, then it's a problem. At least one of those things happens when a state is in charge of it.
In the case of Steem we are simply voluntarily choosing to use a certain product.
I do agree with all of that!