Reduced purchasing power that's disruptive to your way of life (read: starving to death) is the obvious reason why everybody cares about inflation. The real re

Reduced purchasing power that's disruptive to your way of life (read: starving to death) is the obvious reason why everybody cares about inflation. The real reason we have actual policy to attempt to control inflation is that high inflation is bad for capital lenders, and capital lenders have significant power in human culture (all over the world). Historically, inflation was used to "pay back" massive war and reconstruction debts from WW2. It was a great deal for all the regular people in those societies, but not so great for the (1% of) folks who lent them the money. The article covers these points are more, it was a good read!