The tradgedy of inflation in one paragraph

Thanks to the "too big to fail" policy, taxpayers and dollar holders (via currency debasement) will foot the bill for the credit bubble in one way or another. It's tragic that the system will keep rewarding those who know how to profit from the early stages of inflation (by inflating assets with leverage) at the expense of those who don't understand it and suffer from the latter stages of inflation (i.e., rising consumer prices).

From Strategic investment, an Agora press newsleter