>The main way you get ripped off is when the monetary authority decides that inflation should be higher, and that devalues your money. Inflation doesn't cause

>The main way you get ripped off is when the monetary authority decides that inflation should be higher, and that devalues your money. Inflation doesn't cause devaluation; it is devaluation. It's an increase in the exchange value of goods to cash. And whether or not you get "ripped off" by inflation depends on what side of the trade you're on.