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This is what I was talking about. Your first post indicated that this is the type of inflation you alt. country were referring to as well. Cost-push inflation is what happens when the price of a ubiquitous input (oil) rises and creates price increases throughout the economy. This type of inflation is bad for everyone. Your second and third posts are referencing cost-push inflation. I agree that high gas prices are bad. So, on the topic of the original argument, wages typically rise with inflation. Few people are on fixed incomes. (Demand-pull) Inflation has the alt. country effect of increasing alt. country earnings for most Americans. Not just those with out of control credit card debt or homes they can't afford. Most people have some sort of debt.
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