rfenst wrote:It is good if you have fixed-rate debt and in some other important circumstances.
This is true but what portion of your living expenses are fixed rate debt? Mortgage, car loan... that's probably the most common fixed rate debt for an average family and hopefully these don't take up a majority of your income.
Other than that, you lose out as a result of inflation: food, utilities, gas, consumer products, entertainment... all of these costs go up. No matter how you couch it, inflation is bad unless you have an income that matches or exceeds the rate of inflation.