LOL! You are exactly right. I had an economist tell me last month to buy up all the hard assets I can now because rates are so low and then when inflation hits you will be paying the loans back with inflated dollars and you will end up getting rich because the assets will be inflated.
That only lasts until the big crash, though.
So those hard assets better be getting you prepped for hard times.
Thus the cow...
The issue in inflationary times that kills people is incomes not keeping up with the inflating prices. Assets like prior fixed loans do become relatively less expensive...provided your income increases to match the inflationary spiral.
Taxes automatically go up with inflation, social security and fed retirements only with their "core inflation" measure, and prices of basket items are adjusted by manufacturers and stores.
As always, there is a tooth and nail fight to prevent increases in wages.
So, what does an Obama type character achieve?... more people below the poverty line or the benefits eligibility line. More people becoming clients of the democratic party.
And the immediate market upsurge enables Obama to argue an improving economy.
This is the funny thing about the Chicago teachers strike...they are actually protesting increased costs caused by their president and his fed, but they just don't know it. That's probably why Rahm hates them...he's afraid they'll finally get a clue.