I'm yo.
This my brother yo
We yo yo
No way. We are all going to spend 60,000 on an electric car so we can spend as much on electricity to run the cars as we paid when Trump was President.
We call the the Secretary BootyGay plan.
So BootyGay and Brandon decide to double and triple the price of gas to tell you that you can save money by buying that $60,000 car. It's like the store tripling the price and then telling you that you can come to their 20% off sale.
Let's go Brandon !!!
It depends how people are situated. To the extent your wages don't keep up with inflation, yes, that person loses, but to the extent that person has fixed rate debt, that person wins.
I think the latest read was wages up 4.9% in face of 6.2% inflation so that is -1.3% but the fixed rate debt is a fixed payment. So I am sure there are many who make up more in debt devaluation than they do in decreased buying power from their wages.