> (The only problem is nobody likes that, for some reason. People seem to prefer inflation to taxation.) the reason for this is fairly obvious. if you have a p

> (The only problem is nobody likes that, for some reason. People seem to prefer inflation to taxation.) the reason for this is fairly obvious. if you have a positive net worth, cash is probably a small fraction of your total assets, which limits the direct harm you face from inflation. if you have a negative net worth (ie, you have debt), inflation erodes the real value of your obligations over time. in general, this is already priced into the interest, but you certainly wouldn't want to see inflation decrease while you're repaying a loan, and you might be happy to see it increase.