>>10607
You are analyzing this from microeconomics (bottom->up) perspective, but you should to is top down way.

and in that case people holding assets will be at loss as well.


and here is why:

lets say we have a situation where you own some set of assets that have some price and I can print as much money as I want.

so no matter how you turn it I am printing money and buying your assets with that money.
even if lets say I am generous, and we make a deal so that I print some money and give half of it to you and half of it for myself or it can be just 1% which I leave for myself and give all remaining to you.

I will be still taking away your assets even if overall price of your assets will be growing and you will be under impression that you are gaining something.

The only way for you to avoid the loss is not to make any transactions with me at all.

In fact we can reduce this situation to even simpler. where
there are certain number of people and each of us is allowed to print a certain amount of money
no matter what amount we are allowed to print those who own money or assets will be losing them and those who have debts or no assets will be gaining something.

so no matter what you will do you will always lose wealth(if you have it) under inflation.
there is no escape from that. unless you actually manage to earn more that you lose but this is another situation which is not really applicable to modern times because asset price inflation is greater than PE ratio what means you are at a loss most of the time.

another issue is that wealth is be redistributed and some of the rich people will gain wealth of other rich people becoming richer that way, but in the overall picture total wealth of entire existing pool will be lost.
After this crisis we will have fewer rich people than we had before.