Inflation and unequal distribution, cronyism/government corruption and bloated debt are always the result of printed, fiat, centrally-issued money.
Richard Cantillon and Adam Smith knew this 300 years ago. For America’s founders, it was manifestly true. Its why they fought against British imposed money and tax, and also wrote into the Constitution money WAS gold and silver.
It was the great success of progressive/marxist economists like Keynes, that somehow, technocrat central-planners and marxists took over America’s economic and monetary policy.
You’re correct.
Inflation has been eroding the standard of living for the middle class and working people for generations.
Inflation is really the transfer of wealth from the Middle Class to Government and the rich (Those who hold wealth in real assets).
I wish more people understood this but then their is a reason why they don’t teach financial literacy.