The rich are really helped by the asset inflation because, by and large, they are the ones that own the hard asset classes, for instance stocks, bonds, companies and land.

Inflation rewards debtors like the real estate developer owners of mortgaged properties, but it punishes creditors who are owed cash-based assets and those holding cash by making those assets worth less. There is approximately $27 trillion in cash, savings, and checking accounts in the $29 trillion U.S. economy, and wages are about $12.5 trillion of that economy. And all of the wage proportion of the economy is cash-based, meaning that wages are one of the prime sources from where these gains are extracted—just like the wage-earning depositors being cheated in my Venezuelan example.

This is highlighted in Austrian economics by the saying the closer to the newly created money the larger the advantage.

Can you show me how inflation and newly created money benefits the lower and middle classes in any way besides the wonderful feeling you get when you cannot pay the bills?