Having a cushion on runaway inflation is bad management.
edit: @kozlodoev: man you're fast
Fast, but not completely correct (see my answer to his argument).
Now about your comment: yes, inflation decreases the value of my cushion. But by how much? And how much flexibility do I gain with respect to sepnding every dime I own?
I'm OK with the value of my cushion decreasing by even 10% every season if it allows me to be more flexible in my choices and my reactions.
I have a feeling that some of our friends who are complaining about the changes are those who maximize their resource utilization :-)