I agree with you. The Fed prints trillions, mortgage rates plunge, and suddenly BlackRock's buying up entire neighborhoods with cheap debt while renters get priced out. Inflation is "healthy" if you're the one holding the deeds. But tell that to the family paying 40% of their paycheck just to keep a roof over their heads while wages crawl.
Or look at food prices. The USDA says inflation's "moderate," but try explaining that to the diner owner who's paying double for eggs and bacon while his customers stiff on tips on tips because their paychecks buy less. Meanwhile, Tyson Foods posts record profits, not because they're more efficient, but because they've got pricing power and a Fed that's terrified of "deflationary shocks" (corporate margins shrinking).
And don't even get me started on healthcare. Hospitals jack up bills 8% a year, insurers shrug and pass it on, and the economists call it "normal." But when a nurse asks for a raise to keep up? Suddenly it's "wage-price spiral" panic. Funny how inflation's a "tool" when it's squeezing workers, but a "crisis" when it threatens profits.
The game's rigged. Inflation's just the cover story. They'll print to save banks, but let Main Street eat the inflation tax. They'll cheer "record GDP" while your real paycheck buys less. And if you dare demand wages indexed to inflation? You're "unrealistic", but God forbid the bond market misses its 2% target.
So yeah, inflation's not the problem. The problem is who gets the upside (asset owners) and who gets the shaft (everyone else). And until that changes, all this talk about "necessary inflation" is just a con.
Or look at food prices. The USDA says inflation's "moderate," but try explaining that to the diner owner who's paying double for eggs and bacon while his customers stiff on tips on tips because their paychecks buy less. Meanwhile, Tyson Foods posts record profits, not because they're more efficient, but because they've got pricing power and a Fed that's terrified of "deflationary shocks" (corporate margins shrinking).
And don't even get me started on healthcare. Hospitals jack up bills 8% a year, insurers shrug and pass it on, and the economists call it "normal." But when a nurse asks for a raise to keep up? Suddenly it's "wage-price spiral" panic. Funny how inflation's a "tool" when it's squeezing workers, but a "crisis" when it threatens profits.
The game's rigged. Inflation's just the cover story. They'll print to save banks, but let Main Street eat the inflation tax. They'll cheer "record GDP" while your real paycheck buys less. And if you dare demand wages indexed to inflation? You're "unrealistic", but God forbid the bond market misses its 2% target.
So yeah, inflation's not the problem. The problem is who gets the upside (asset owners) and who gets the shaft (everyone else). And until that changes, all this talk about "necessary inflation" is just a con.