Inflation hurts the middle class the most. What the middle class has carefully earned and saved to get a little ahead erodes before their eyes. And income does not keep pace. The higher inflation gets, the worse the impact.
The poor have less to lose and are never far from the government safety net level, anyway, so inflation has less impact. The rich have the means to invest their assets to ride inflation and emerge no worse or even better.
So our massive money-printing and borrowing federal strategy to support higher spending worries me a great deal. Via Instapundit, there are signs of inflation already hitting us. Once begun, an inflation spiral is hard to break.
Have a nice day.
About Me
- Brian J. Dunn
- I live and write in Ann Arbor, Michigan. University of Michigan AB and MA from Eastern Michigan University. One term in the Michigan Army National Guard. Former American history instructor and retired nonpartisan research analyst. I write on Blogger and Substack. Various military and private journals have published my occasional articles on military subjects. See "My Published Works" on the TDR web version or under the mobile version drop-down menu for citations and links.
