More specifically, unanticipated inflation is a "tax" to creditors (usually wealthier) who have invested loans and a benefit to their debtors (usually less weal

More specifically, unanticipated inflation is a "tax" to creditors (usually wealthier) who have invested loans and a benefit to their debtors (usually less wealthy). From https://www3.nd.edu/~cwilber/econ504/504book/outln13c.html https://www3.nd.edu/~cwilber/econ504/504book/outln13c.html "One important redistribution of income and wealth that occurs during unanticipated inflation is the redistribution between debtors and creditors. a. Debtors gain from inflation because they repay creditors with dollars that are worth less in terms of purchasing power."