Inflation benefits debtors, and hurts creditors. But if inflation is controlled and predictable, those contracts will price that in or renegotiate. On the long

Inflation benefits debtors, and hurts creditors. But if inflation is controlled and predictable, those contracts will price that in or renegotiate. On the long term, inflation has no real impact on the economy. Uncontrolled, unpredictable inflation (40%)(Zimbabwe, Turkey) is the problem as it incurs more costs on updating prices and renegotiating contracts, which introduces severe distortions on the economy. But we're not anywhere near that.