From what, I think, he said about inflation, he is wrong (his explanation was crazy complicated haha). Generally inflation is good for the poor and bad for the

From what, I think, he said about inflation, he is wrong (his explanation was crazy complicated haha). Generally inflation is good for the poor and bad for the rich (generally pensioners and students), it's considered redistributive actually. The poor do not have savings and are reliant on income which should increase with inflation, the rich are reliant on savings which are devalued with inflation. Considering the silly amount of money printing that has taken place, the real economy (these are day to day costs) has experienced little inflation, meaning all that cash has to find a home and leads to asset bubbles. It seems inflation in the real economy is starting to catch up though (probably won't be sufficient given the long term trend which is downward). Edit: This I feel is actually a great tool in the US that it incentivizes productive use of capital and given the high inequality, means the government can redistribute without being called supposed "communists".