Inflation causes people to spend less, and travel less and enjoy life less. Companies will be less profitable and many will cut back and many will go out of business. We might all have to learn to live poorly.
Now, if governments at al levels would cut their spending at the same proportions that people do, perhaps inflation wouldn’t be so bad and we could probably get out of it sooner.
If only we use Mr.Peabody’s Wayback Machine and go back to stop the idiots from flooding the money supply with $5 trillion of out-of-thin-air money. They created more than we spent to win WW II…in less than a year!