It is very tiresome to witness this time and time again in the inflation discussion.

Personally I didn’t benefit but my position allowed me to absorb the destruction of investment wealth and surprise child care expenses when schools closed. I also saw inflation coming as inputs and building materials shot up during the trade war. During the last president, I can’t imagine a company raising consumer costs and bragging about their pricing like they do now. They’d have a militia busting in with a gallows the very next day.