What's bad about inflation is that it really hurts people on fixed income and the poor. Fixed income (i.e. retired people) because their stack of savings buys

What's bad about inflation is that it really hurts people on fixed income and the poor. Fixed income (i.e. retired people) because their stack of savings buys less. The poor because if you can't afford new tires at $600, you're surely not going to be able to afford them at $800. Politicians need to be very careful with inflationary decisions.