This is true but it is imperative that citizens have a reliable currency to use to do transactions. This is why I think it is imperative that we transition over to cryptocurrencies that are based on strong fundamentals that make money reliable.
Asset prices rise as people flee from cash, so those with assets see their wealth outpace those without assets.
Inflationary economies based on debt are inherently levered relative to underlying assets, thus are prone to collapse and require more bailouts.
General price inflation hurts those at the bottom of the economic ladder, since it makes their cost of living rise and prevents them from saving to accumulate capital.
"But wages rise to keep track of inflation."
No, they don't: https://wtfhappenedin1971.com/
Patently false statement. The us has had decadal deflationary periods of its history during which it made great technological strides
Endless bailouts paid for by population can't possibly be a sound long-term solution. Maybe it's better to just let it collapse.
Sorry, but mercantilism has been debunked. Not even all that recently.