the Inflation thread

[ShebaPoe]

The topic of inflation is brought up frequently here. One article discussed said that inflation was actually a great thing for the economy. Often, people on here will say that inflation lowers the real cost of repaying debt, and the borrower actually "wins" in an inflationary environment.

If that's true, who loses?

I am pretty sure that money is subject to newton's third law: for every action there is an equal and opposite reaction. In other words, if inflation is making someone better off in real terms, it must be making someone else equally worse off.

So, who is being made worse off?