> All this hysteria over moderate inflation is being stoked by those that have been rent seekers sitting on their wealth, enjoying that the value of their lent

> All this hysteria over moderate inflation is being stoked by those that have been rent seekers sitting on their wealth, enjoying that the value of their lent money barely decreases. Inflation doesn't really affect the wealthy, though. The people at the bottom are the ones who don't have 7% margin in their budget. Blaming this on the hysteria of rich people is to overlook the plight of the margin.