Inflation is bad in the sense it punishes people that made the right decisions and saved money for their retirement. Inflation eats away at the savings they ma

Inflation is bad in the sense it punishes people that made the right decisions and saved money for their retirement. Inflation eats away at the savings they made in their working life and makes them a pauper in old age. The argument that they should have been invested fully into the market is fine for educated people. But many uneducated people save cash because they do not have access to all the financial tools that educated people do. Inflation also empowers elites who have had access to debt. Inflation reduces the value of that debt in real terms and cements their wealth ... because they use debt to acquire real assets: real estate, companies, stock, etc. Inflation rewards the elites and punishes the working savers. It is a tool that is used to transfer wealth from the many to the few. So I oppose these periodic debasements of currency. Look at the examples of Venezuela and Argentina to understand the true dynamics of inflation.