“Inflate our way out of it” is not something people on a fixed income want to hear.
Inflating our way out of it is the government expropriating the assets of every American that isn’t part of the Ruling Class. When the value represented by your money shrinks it doesn’t disappear. It goes to government. The government- its agent, the Fderal Reserve- owns all the value of the excess dollars it “prints.” Those dollars do not represent any value brought into existence. They represent the value of assets formerly owned by folks who possessed defined amounts of dollars