Think about who benefits from inflation, and who it hurts: It is wonderful for folks with fixed-rate mortgages! Over the last 50 years I have benefitted greatly from inflation, because I buy real estate and I always get fixed-rate mortgages. So I pay for that last half of the property at a discount. Sometimes a huge discount.

It hurts people on fixed-rate incomes, but actually Social Security and most pensions are not fixed-rate. They have COLAs and dividends. So the fixed-rate people are mainly those with bonds. They keep clipping those bond coupons, but every year they are worth less. You can have a tax-free 5% muni, but as soon as inflation rises by 5% over when you bought it your investment is making nothing. Same for keeping cash or dollar-based investments.

I would argue that real estate and energy are the actual basis of wealth in the world today. Currencies fluctuate. My evidence for that is gas prices are tracking real estate prices and rent fairly closely. Income streams from other sectors are struggling to catch up right now. So we see things like shortages of truck drivers, and other unfilled positions. Simple solution employers: Increase pay to attract labor!

Educating anyone benefits everyone.