Having to fight with your employer year after year for the same wage? Working class unable to effectively save because interest rates are well below the rate of inflation? Unable to reason about what's a reasonable price because the central banks keep manipulating your measurement stick?
It's not a coincidence that wages decoupled from productivity around the same time the US got off the gold standard.
It's also not a coincidence that endless wars have only been made possible by the governments ability to print money (back when funding of a war was explicit via taxation people actually cared).
I'd love to hear your reasons why inflation is good for me -- someone with little money simply trying to save for a home which is increasingly out of reach each year.
I don't like inflation and a lot of the points you raise are things that are a problem, but you are raising them in a context that suggests 'it is a class war the capitalists want it this way'.
Most of the points you are raising aren't about capitalists, they are just about entrenched power structures. Capitalists are a different group of people (eg, small business owners). You should find someone else to blame :P.
> Having to fight with your employer year after year for the same wage?
Real wages tend to whatever the market clearing price is. Deflation isn't what makes employees have to fight to keep the same wages, it probably some combination of real factors like:
* Competition from cheap overseas labour
* reduced need for labour in the supply chain
* General increases in supply of labour that exceed growith in supply
Inflation makes it easier to miss, but the capitalists don't really benefit in any meaningful way here.
> Working class unable to effectively save because interest rates are well below the rate of inflation?
Nobody benefits from this. The way our the modern (>1960s) political climate is, the capitalists will end up paying for welfare for the working class to suplpiment their low savings.
> Unable to reason about what's a reasonable price because the central banks keep manipulating your measurement stick?
Affects everyone, not necessarily to the advantage of anyone.
It's not a coincidence that wages decoupled from productivity around the same time the US got off the gold standard.
It's also not a coincidence that endless wars have only been made possible by the governments ability to print money (back when funding of a war was explicit via taxation people actually cared).
I'd love to hear your reasons why inflation is good for me -- someone with little money simply trying to save for a home which is increasingly out of reach each year.