[maujun]

It is related to the general definition of inflation.

Those with existing assets (including retired folks in the US) theoretically "lose" in this situation.

You can split the US and see inequality arise from printing: (1) US federal govt vs non-govt entities (2) US citizens with assets vs US citizens without assets, (4) people who received money first vs people who last bits of the "trickle down".

In various cases, certain people "win" and others "lose"

[123pie123]

So the current system of loans/ bonds generally benefits the rich (or people with assests)?