Who benefits when the government inflates the money supply?

The government, obviously, who spends money created out of nothing first and enjoy the cantillon effect.

Banks, who are able to increase their lending leverage.

Asset holders, who see artificially driven increases in asset prices.

Now, who loses when the government increases the money supply?

Working men and women who see only increased prices for all the things they need to provide for their families.

This is mathematically driven wealth inequality. Once understood, it’s absolutely infuriating.