> It's not about owning assets, it's about being able to afford food, fuel, housing, medicine, and basic savings. I'm sure you can appreciate that inflation hu

> It's not about owning assets, it's about being able to afford food, fuel, housing, medicine, and basic savings. I'm sure you can appreciate that inflation hurts everyone, but that asset owners receive a benefit, or at least stand to gain some wealth, as an effect of inflation. This means inflation hurts the poor much more. I don't agree that it is better to let inflation run rampant with lower rates in an attempt to help poor people. What would help is better regulation, de-"financialization" of the economy, higher progressive taxes, higher capital gains taxes, etc. You don't give up on inflation, you fight it while using the government to level the playing field.