> Inflation is IMHO less harmful than real wage decrease or unemployment For minimum wage workers and in general unskilled labor, this is just not true. Minimu

> Inflation is IMHO less harmful than real wage decrease or unemployment For minimum wage workers and in general unskilled labor, this is just not true. Minimum wage workers can't afford to hedge against inflation by buying assets, and their income is artificially kept high by a price floor (minimum wage + legally mandatory benefits). When you inflate the USD their real income will drop to its true market value since the price floor doesn't move with inflation. Low paid workers also don't benefit from their debt reducing in real value because their nominal wage won't increase as fast as inflation due to the price floor I just talked about. Government checks made sense in the beginning of the pandemic but the 2nd round of stimulus passed later on by reconciliation did not. At that point there was a vaccine and a strong economic rebound. You need only look at the popularity of Dogecoin, WSB, etc. to see that people did not actually need that extra round of stimulus.