It’s the inflation itself, not the cost of living. Inflation does weird things sociologically and psychologically, you’re messing with the fabric of human economic relations which is implicated in status hierarchies and assortative mating
Maybe inflation undercuts trust in the economic system in ways that haven’t been fully realized or appreciated. We’re afraid of deflation, but it seems there are big problems with inflation as well.
Maybe inflation undercuts trust in the economic system in ways that haven’t been fully realized or appreciated. We’re afraid of deflation, but it seems there are big problems with inflation as well.