> Krugman is not saying that inflation enables long-term, general real wage cuts to be more easily implemented or that it would be good for it to do so. You're

> Krugman is not saying that inflation enables long-term, general real wage cuts to be more easily implemented or that it would be good for it to do so. You're right, that's not what he's saying. That doesn't mean it's not happening. Fact of the matter is that we can't decouple the "shifting of the tax burden" from the detachment of the dollar. However, we will soon find out. Biden is shifting the tax burden back, and we're gonna get inflation. My prediction is that in 10 years the lower and middle classes are going to be absolutely reamed by both of these and the upper class will be unscathed or even richer (lower class due to inflation directly and middle class due to bracket creep + taxes intended for the wealthy). Your prediction should be that income inequality will be ameliorated. We'll see who is correct.