"anyone who relies on fixed payments denominated in dollars (retirees, pensioners, disabled persons, those on public assistance, etc.).
All those people are, or should be, index-linked. But they are a convenient human shield for the real culprits.
The people who actually rely on fixed incomes are those holding the debt assets that rot by inflation - ie bankers and rich people.
Inflation helps debt payers by transfers from debt holders. However it is the latter that have the political power.
Nobody else is affected by inflation. They are affected by the systemic lack of jobs induced by a central bank system that is overly tight to avoid inflation that never happens.
All those people are, or should be, index-linked. But they are a convenient human shield for the real culprits.
The people who actually rely on fixed incomes are those holding the debt assets that rot by inflation - ie bankers and rich people.
Inflation helps debt payers by transfers from debt holders. However it is the latter that have the political power.
Nobody else is affected by inflation. They are affected by the systemic lack of jobs induced by a central bank system that is overly tight to avoid inflation that never happens.