> I'm not sure why you think Creditors would consistently underestimate inflation. Maybe they do, but why would they? Hard to predict, in general. Would you ha

> I'm not sure why you think Creditors would consistently underestimate inflation. Maybe they do, but why would they? Hard to predict, in general. Would you have predicted we’d be looking at 5% inflation right now, three years ago? We haven’t seen inflation like this in decades. > That hurts debtors. Only if they have variable-rate loans. The broader point here is that it’s creditors (and the wealthy) who bemoan inflation the most because it means their rents are going to be worth less.