Do you love Big Brother?

The Intercept: Inflation Is Good for You.

No, that's not satire. That's a real heading.

First, inflation lessens the real value of debt. In 2020, American households had around $14.5 trillion in debt from their mortgages, credit cards, student loans, and other sources. Inflation of 6.2 percent means that the real value of that $14.5 trillion is now just $13.65 trillion in last year’s dollars.

Who borrows more money? Your average worker or your average company? The wealthy and the big corporations have mountains of debt. So, they benefitted bigly. Also, thanks to the Federal Reserve aka The Money Printer, the stock market has more than doubled from March 2020. Elon Musk's Tesla stock, for example, has increased by over 1,000% in that time frame. 

As prices increased 6.2 percent over the past year, wages for regular people went up 5.8 percent. In other words, inflation barely touched their purchasing power.

Reality is different from government statistics. Real estate is up over 25%. Food prices are up 33%. Gas is up by more than 50%. Yet, miraculously, the government reports that inflation is 6.2%. The purchasing power of the average person in America has absolutely cratered. Let's Go, Brandon!

Best era for memes pic.twitter.com/DGeK1x6xPv

— Tomcat (@BowTiedTomcat) November 12, 2021

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— An0maly (@LegendaryEnergy) November 13, 2021