"Cheer Inflation"? Have you gone insane?

Of course, this little article will be well received and widely read. It's Fortune magazine, after all.  That's unfortunate.  Everything in it is a scam.

Three Reasons to Cheer Inflation

These are just some of the perverse, yet common, justifications for the Fed ruining the purchasing power of the dollar. They are totally mainstream - which means they are completely backwards and wrong.

Inflation reduces the impact of debt - Yes, but it screws the creditor. How is this good?

Inflation increases spending - yes, because people are getting shafted by having the purchasing power of the dollar systematically destroyed by the Fed. They go out and spend before they lose any more. However, spending does not improve an economy's productivity - savings does - so spending is just consumption of productive capital.

Creates jobs - No, it does not. Consuming the capital of the citizens of the country cannot create jobs. Only saving, then investment in factors of production that actually improve the productivity of each hour of human labor will raise an economy. Nothing else will raise a societal standard of living - nothing.

Inflation only destroys the money, providing the first users of the new money with benefits, while stealing from those who never receive the money.

Once again, Fortune, you got it totally wrong. Not a surprise. Try reading "What has Government done to our Money" by Murray Rothbard, and you might catch a clue.