This is awful news. Inflation hurts people living on fixed income and people with low income. (If you can't afford to fix your car for $500, you surely can't

This is awful news. Inflation hurts people living on fixed income and people with low income. (If you can't afford to fix your car for $500, you surely can't afford to fix it for $1200.) People with some money can invest in equities. Corporations can often pass the costs on down the line. So the shareholders keep up, somewhat. We need some plays from the early 80s playbook. Fast.