On: In Fed and Out, Many Now Think Inflation Helps

[nazgulnarsil]

Stable prices is a euphemism for inflating just enough to keep nominal prices the same even as productivity in the economy dramatically increases.

[NikolaTesla → nazgulnarsil]

I would say it's a euphemism for debasing just enough to keep a small minority enriched without the masses discovering it via overt price inflation and/or without the masses outside the US realizing that the value of their goods and services are being debased for the same reason.