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The actual reason why inflation hurts young people has to do with economic stability and its cascading effects on the economy. A period of significant inflation can wipe out generational mobility. Inflation has a minimal effect on "closing the wealth gap" in comparison and I think it's irresponsible to act like hyperinflation would be a reasonable way to solve economic inequality.

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Yes, fully agree that economic instability from hyperinflation hurts far more than reducing the wealth gap could help.

In recent times, the fed has been below its 2% inflation target.If it missed on the other side, and inflation went to 3-4%, I think that would be totally reasonable economic policy. Double digit inflation, however, would end up making everyone poorer.

Totally agree! I just don’t want people to get the wrong impression-easy to think that the takeaway is “inflation is always good for young people.”

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