> Endless statements about how much inflation hurts poor people(i.e. most Americans, who own very little inflation linked assets) It's not about owning assets,

> Endless statements about how much inflation hurts poor people(i.e. most Americans, who own very little inflation linked assets) It's not about owning assets, it's about being able to afford food, fuel, housing, medicine, and basic savings. Most Americans live paycheck-to-paycheck because our financial industry decided 45 years ago that it'd be awesome to have Americans pay interest on everyday purchases instead of just major purchases like their home, car, or business startup capital. Since this has also coincided with stagnant wages, that interest can't go much higher without the masses getting pissed off, and over the last 15 years, "pissed off" has escalated into mass demonstrations (Occupy Wall Street) and riots (2020, 2021). At some point we're going to have to accept that you can't just direct the value created by an economy to equities indefinitely. You have to return an increasing amount of value to labor so that standards of living continue to rise. Raising interest rates won't do that.