Hmm, I take issue with one of your points. To say that real wages have gone up since 2019, does not mean that they wouldn't have gone up more if we had lower i

Hmm, I take issue with one of your points. To say that real wages have gone up since 2019, does not mean that they wouldn't have gone up more if we had lower inflation. There are all sorts of reasons why real wages change. Maybe increased worker bargaining power as a result of the stimulus checks is a factor. As for raising rates hurting poor people -- inflation hurts poor people a lot too, especially if they're not in debt but are trying to save. Though to be fair, covid stimulus checks are one of the rare cases where increasing the money supply actually helps the poor because they're the ones who got the money, instead of banks, as I understand it.