With bleeding inflation, and an ongoing pandemic seemingly forever? I'm not sure. My estimate was that 50% inflation as a one-time is about what it would take

With bleeding inflation, and an ongoing pandemic seemingly forever? I'm not sure. My estimate was that 50% inflation as a one-time is about what it would take to: - Take drastic actions to bring the pandemic under control - Not drive debt-loaded businesses under - Not drive people out of mortgages This was at the very start of the pandemic. It's harmful, but I still haven't figured out a lower-harm alternative. The longer we delay, the more costs wrack up. I suspect at some point, the above will be too expensive too. Also: Inflation means everything goes up, including wages. We're seeing that right now. Both savings and debts get wiped out.