Not really. Unexpected inflation hurts. Central banks don't hide the fact that they target positive inflation figures. If you stuff your money in a mattress,

Not really. Unexpected inflation hurts. Central banks don't hide the fact that they target positive inflation figures. If you stuff your money in a mattress, you will lose PP. Not if you put it in practically ANY investment vehicle, throughout history. Though, I get your point. Nobody guarantees the value of your dollar earned over any period of time, nor that it won't diminish in value with the production of more dollars.