If interest rates on credit cards, car loans, and mortgages rise, it won't be good. Interest on savings would likely increase, but not nearly as much. And anyone who has invested in bonds will take a huge hit.

I lived through the inflation in the 1970's. Prices were going up 10% to 15%, while President Carter was capping military pay at 6%. It got so bad that even I, a staff sergeant with a wife and two children, would have qualified for food stamps - but military personnel stationed overseas couldn't get food stamps. And people wondered why morale in the military was so low. :rolleyes:

No, inflation is not good.

Onward and upward,
airforce