I say let's just get hammered then. All inflation is in reality is another bailout from the poor to the rich (banks) through higher interest and higher prices instead of higher taxes. The goal is to keep the middle-class in their place, in servitude.
This seems sort of muddled to me. Most folks who are poor to middling borrow from folks who are rich. If you want to consider it as a class warfare thing, imagine Rich wants to keep Poor in "servitude" with debt. Rich lends $100,000 to Poor, who makes $10/hr ($20800/yr). If it's your standard amortized, fixed rate mortgage, the more inflation there is, the more Poor is helped. After 10 years of say, 4% inflation, the worker who makes $10/hr today will make $29,000 or so in 10 years. Other things will cost more too, but Poor still doesn't have to pay back more than the original $100,000. In short, contracted loan amounts stay the same, but inflation pushes other prices (including the cost of labor) up. This generally helps borrowers (who don't have money) and hurts lenders (who do have money).
