The problem is that wealthy liberals and conservatives are in on a long-con against the American worker class. They want to pretend Inflation doesnt exist or has been conquered (e.g., https://x.com/paulkrugman/status/1712494317024026761?s=20) but refuse to reconcile that against fundamental numbers -- you cannot make ends meet with the current minimum wages.

ZIRP has been disastrous for everyone except leveraged asset owners (i.e., the wealthy). Assets inflated in price, rents rose commensurately, and we all pretended things were OK because of ZIRP and "fixed" it with further leverage to maintain affordability.