Re: Inflation
The article actually discussed the one entity that really profits from inflation: a government that pays its bill by borrowing money and pays the debts off by borrowing more.
States are desperately trying to funnel Federal cash into their systems so they don't have to cut their own spending, and only the Federal government can create legal tender from thin air.
Tangible asset owners that bought the asset on borrowed money (like mortgage holders) benefit, but only until they have to sell the asset for dollars that are worth a lot less.
