Inflation doesn't hurt people who do real work for wages. It helps people who have debt. It hurts people who have cash savings. It's neutral for people who live

Inflation doesn't hurt people who do real work for wages. It helps people who have debt. It hurts people who have cash savings. It's neutral for people who live paycheck-to-paycheck. But on the whole, that summary misses most of the explanation. Inflation has less to do with individuals than with the whole way business finance works, and the whole way that monetary policy works.