Over the past century, growth in average wages has outstripped the rate of inflation. So is inflation really a bad thing from the perspective of the wage-earner? Yes, and it makes us all poorer, says Robert P. Murphy.
Also at mises.org: Some would have us believe that the establishment of the Federal Reserve in 1913 brought stability to the banking system. Tom Woods shows that it isn’t so.
chad 
inflation robs the people that save their money or those that live off money in savings. Inflation also steals or taxes everyone because it erodes the currency. Congress and the fed say that there is no way we could have a gold standard, so I say that we should at least be able to have a silver or platinum standard, but I dont believe a word that congress or the fed says and a gold standard would be the best. WE should let the market decide.