And you are here why?

You have to have been hiding under a rock (and a particularly large one at that) to have missed Monday's announcement of the observation of gravitational waves , and the consequent validation of cosmic inflation . However, just in case the whole thing has you somewhat baffled, fear not - New Scientist  has you covered - as they explain the whole thing with that handiest of props - a towel (and an apple) .

Noah Smith explains how (and why) inflation is a good thing if you are in debt, and a bad thing if you have a bunch-a savings.  Its wonderfully written (go read it), but I'll give you the money quotes Who has more savings than debt? Old people and rich people. Who has more debt than savings? Young workers who are paying off mortgages. In other words, the video has it exactly backwards - inflation will not take your house away from you, inflation will   prevent   your house from being taken away from you. It will save your American Dream. If you don't believe me, go back and look at my example again. It works. Just remember:   Inflation hurts people with savings and helps people with debt . An awful lot of Americans these days fall into that second category. Before you go embracing the hard-money, Austrian, gold-standard stuff, think about which category includes you!   The bottom line though is what I started off with - if you have a lot of savings, i...