Comment by frankfrankfrank

It really does expose a reality that is both inconvenient and repressed by the ruling class, inflation is (among other things) used to defraud common people and also artificially inflate the value of the affluent's hard assets. It is precisely why the Fed pushes inflation to both eat away at the debt of the affluent, largely at the cost of institutional (pensions) investors, foreign nations, and tax payers. We are also entering, if we have not already entered a negative feedback loop where it is not only not in the interest of the affluent to suppress inflation, it is actually beneficial/profitable for them to drive inflation up … at least until the music stops.