Herewith, a survey of inflation profiteers, ranging from the IRS to coal miners. Another inflation problem: Capital gains are calculated without any adjustment of the purchase price for the rising cost of living. Mortgage debtorsEveryone with a fixed-rate mortgage gets a windfall from an upward surprise in the inflation rate. This means that each percentage-point uptick in the inflation rate delivers a $1 trillion windfall to Uncle Sam and a corresponding loss to people who own U.S. paper. To sum up: Inflation means bitcoin appreciation, which means bitcoin mining, which means coal burning.

Source: Forbes May 12, 2021 12:18 UTC