Inflation is Your Friend (or at least the enemy of your enemy)
Inflation is …
Inflation is one of the most misunderstood concepts in finance, perhaps because the term is often used imprecisely. I will use the word precisely in this essay, not in the sense that I will use it in the only “correct” way, but in the sense that when I use it here, it will mean the very specific thing I intend it to mean.