You counteract inflation by making sure people’s wages also change to reflect the new value of the dollar. Which they haven’t.
Prices don’t come down unless you enter a period of deflation. And if you thought inflation sucked, deflation sucks even more. Especially for a nation of people who hold a lot of debt. As the value of current grows, so does the value of your debt. If you have debt, your debt burden increases.
You counteract inflation by making sure people’s wages also change to reflect the new value of the dollar. Which they haven’t.
Prices don’t come down unless you enter a period of deflation. And if you thought inflation sucked, deflation sucks even more. Especially for a nation of people who hold a lot of debt. As the value of current grows, so does the value of your debt. If you have debt, your debt burden increases.