I agree with this: inflation as an economic measure is an intentional policy tool to transfer wealth from the poor to the wealthy. In the last few months we've

I agree with this: inflation as an economic measure is an intentional policy tool to transfer wealth from the poor to the wealthy. In the last few months we've seen headlines about inflation "levelling off" but that just means prices aren't growing as fast. The 20-30% increases in housing in particular aren't going down. In fact, it's intentional government policy to make sure house prices and rents never go down. You mention Silicon Valley and others dismiss this as a result of the dot com bubble but it's really not. It's zoning policy. IIRC the smallest lot in Menlo Park or Mountain View is ~10,000 square feet. But you see it elsewhere. The average house price in London is ~706k GBP. 30 years ago it was ~70k. Inflation is used to justify wage suppression. Whatever the formula, it doesn't accurately reflect to cost-of-living crisis we're in.