And we're back to the "Economic Anxiety" excuse

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13. Point is the number of people who really suffer with 5% inflation is vastly lower.

Never mind that wages at the low end have gone up faster in the last few years than they have in decades.

Yes, of course, inflation creates winners and losers and some, particularly those on fixed incomes, are usually on the losing end. But it's not by a lot and it's not a ton of people. 5% inflation just isn't a huge problem in reality. Especially when 2% is the fed target and 3% is the historical norm over the last 100 years. The extra 2-3% is really all that painful?

Again, for some sure, but not for all that many and not that much.

But the right wing rhetoric turned it into something much bigger than it ever was in reality.