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Well. 7% inflation is not insane. Look at it over the last 5 years. Average inflation is not crazy.

7% should considered unacceptable.

It is great for those with hard assets, it is TERRIBLE for the working poor.

Funny how many of the same people that claim to want to help the poor (democrats) have no problem with high inflation

Inflation is great for people in massive debt, or hold assets, and the rich

Inflation is terrible for savers, responsible people living with in their means, poor that pay cash for everything, etc etc.

Inflation is a mixed bag, you can't make blanket statements about it at all. The only thing that is always bad for working people is an excessively high real interest rate as interest can only be paid through doing actual work. Companies pass their interest payments onto consumer prices meaning the top 10% are the only net recipients of interest.

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