to prevent all money from ending up in a single party’s hands.
I beg to differ.
Example: suppose you own property, gold, a business, or something else with tangible value. When inflation causes cash to decrease in value, your assets are safe. They have intrinsic value.
Example: suppose you’re living a lifestyle where you can’t afford assets like that. Maybe even living paycheck to paycheck. You make the same money, and you can buy less with each paycheck. You can’t start buying assets when money keeps getting tighter.
I think it’s pretty simple to see inflation only hurts the have-nots, while others are protected by the value of their accumulated assets.