No, a thousand times no. Inflation wipes out the notional value of debts and therefore favors the 80-90% of people whose finances are dominated by a debt term.

No, a thousand times no. Inflation wipes out the notional value of debts and therefore favors the 80-90% of people whose finances are dominated by a debt term. At the low end of being lucky that debt term is unsecured dollar-valued debt like a credit card. At the high end misguided boomers acting against their own interest owe that debt as a 30 fixed secured by a home. The subset of boomers (or wannabe YC insiders) who suffer at the hands of inflation are fucking vocal but statistically irrelevant. The ratio of actual financialization of actual asset classes to people who whinge about “inflation” is maybe the stupidest thing said stupidly constantly.