Much of the working poor are already living on credit mechanisms. If you control inflation by raising the cost of borrowing, the bottom falls out. The right way

Much of the working poor are already living on credit mechanisms. If you control inflation by raising the cost of borrowing, the bottom falls out. The right way to combat this is to tax the wealthy (who accrued most of the inflated cash and value) and take the money out of the supply, but Congress is allergic to that.