[eru]

Be careful. There's a big difference in impact of modest inflation like in the US at the moment vs hyperinflation.

The Fed handled the monetary side of the pandemic reasonably well. Inflation overshot a bit, yes. But it's far cry compared to when they caused a slowdown in the housing market to become the Great Recession in 2008-ish.

[thisisnotatest1]

Yes, it's exactly the same but different speeds.

People with savings and salaries got a nice 7% wealth tax this year

The government, with it's massive 20 trillion dollar debt, got a nice 7% write down on the debt, so they can quickly spend this voucher again in a matter of weeks.

[xref]

As someone with student loans and a mortgage, I got a 7% write down but a 18% pay bump this year! Hope I get it for several more years to come