Inflation is ONLY an increase in the supply of money.
Corporate profits might be aided by this in the sense they are taking in more dollars, but... It's actually less value.
Inflation is ONLY an increase in the supply of money.
Corporate profits might be aided by this in the sense they are taking in more dollars, but... It's actually less value.
That's ignoring the Cantillon effect. Businesses in closer proximity to the new money will benefit in terms of purchasng power at the expense of everyone else.
Yes, but... It's still an effect from the increase in monetary supply. If that didn't occur, then there would be no additional effect for big business or anyone else