As the Clinton Administration took office in 1993 they believed that some of their policies could increase inflation. They did a study to try to find possible positive outcomes of inflation. What I remember is that they said the real estate industry would gain from inflation.
Ironically, the banking industry would be devastated by inflation. Imagine what happens when you have even 2%-3% inflation after so many people have been refinancing 30-year mortgages at 4%-5% interest rates in the last couple of years.