What we are seeing is the end result of unrestrained money printing and ultra-lowe rates, globally. That free money led to poor capital allocations, bidding up assets like RE and shares beyond reason. C19 saw that throttle opened right up.
Those who truly benefited were in the 0.1%. And the ticket clippers - parasites from the F-I-RE sector (the sector that has grown at twice the rate of the rest of the economy for decades).
Inflation is the least fair tax, on the other 99.9%. But there was a cause and an effect. This was not God made. And weathering it like a stoic when we know who was responsible is just another fake-out by the narrative managers.
If we had protests like in Sri Lanka (in numbers, not violence), we might just see some accountability for these crimes.
