This is mostly wrong. Inasmuch as there is a grain of truth, it might be that inflation is a tax on savings that are held as government paper. If inflation is p

This is mostly wrong. Inasmuch as there is a grain of truth, it might be that inflation is a tax on savings that are held as government paper. If inflation is predictable, private assets are not affected. Some times back, I tried to explain intuitively here: https://medium.com/@b.essiambre/the-world-deserves-a-pay-raise-302f25efd82a?source=friends_link&sk=cb180b2cf186b263b6c6c70ad29bc36e https://medium.com/@b.essiambre/the-world-deserves-a-pay-rai...