I disagree. I think inflation is an interesting sideshow committed by those in charge of monetary policy so that they can disburse their debts without being accused of reneging on the loans.

Take retirement funds, for example. The Fed keeps interest rates at 2%, 3%. The CPI hovers around 3%, 4%. Your pension is appreciating at under 1% (and may actually be depreciating!) but you're still "earning." It's not like they're robbing your retirement fund to buy liquidity; it's entirely up to you whether you choose to pull your savings out of the bank and go play the stock market with it (where yields are much, much higher!). And it's not like the unions are to blame for having a pension fund that they have to disburse at rates under the CPI, while also being allowed to invest in speculative markets. That's just the luck of the draw; monetary policy is never punitive towards retirees!

Or take Zimbabwe. What funny money they have! How lackadaisical their hundred trillion dollar bank notes! Never mind that their economy started out crippled from the Rhodesian Civil War, that they've been a vassal of the IMF and World Bank ever since, or that their transactions have been effectively conducted in dollars since 2010 because they've been embargoed from lending practices since 2000.

Or that their runaway native currency debt punishes those being paid in native currency (government workers, proletariat) while those being paid in dollars (NGOs, entrepreneurs, criminals) go about their business.

The problem is that Zimbabwe's debt is counted in dollars while Argentina's was counted in Pesos. When Argentina had too much debt, their currency spiraled out of control and poof no more debt. So they had a rough ten years, then a great ten years. Zimbabwe, on the other hand, has been under the heel of the WTO since 1980.