Inflation


I'm old enough to remember double-digit inflation. Compared to that, current "inflation" is nothing.
Furthermore, inflation is great if you're a borrower. If you have a fixed-rate mortgage, you're paying it off in cheaper and cheaper dollars as the years roll by. Who's worried about inflation? Lenders.
The people controlling the hyperventilating inflation narrative are bankers who *never* want any inflation because they are borrowing short and lending long. And their lobbyists and PR folks can always find some "real working Americans" to complain about the price of milk. Funny, nobody ever complains that their house went up in value while their mortgage payments stayed the same.
Everything I've read by responsible and knowledgeable people suggests that this current uptick in inflation is temporary. If you're a retired boomer on fixed income, your SS payments are corrected for inflation. So don't fall for the right-wing GOP propaganda that the infrastructure bill will cause run-away inflation. It won't. And Biden won't take away your guns. And nobody is forced to get the vaccine. And gay folks aren't interested in taking away your marriage. Et cetera, et cetera, et cetera.

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