I would think it would be the opposite, as the old joke-y "Golden Rule" goes: He who has the gold makes the rules.

> 3) Asset owners thus become "more valuable" by measure of currency.

Under the Gold Standard the currency itself is also an asset, much more so than under (so-called) fiat.

In a supply-demand situation where supply is finite, and demand is potentially limitless, then the suppliers can charge higher prices. When the demand is for money itself, the price is the interest that is charged by the suppliers (lenders, financiers) can be higher.

And not just in good times when everyone is trying to get a piece of the action: the historical records shows interest rate hikes during major economic events (e.g., 1857, 1873, 1893, 1896, and 1907) when risk was higher.

> 4) Renters / non-asset-owners have to eat the costs of inflation while benefiting by none of the inflationary pressure on assets.

Inflation helps debtors:

> If wages increase with inflation, and if the borrower already owed money before the inflation occurred, inflation benefits the borrower. This is because the borrower still owes the same amount of money, but now they have more money in their paycheck to pay off the debt. This results in less interest for the lender if the borrower uses the extra money to pay off their debt early.

* https://www.investopedia.com/ask/answers/111414/does-inflati...