It hurts net creditors the most, you know. I'm serious, Milty. As a Congressman, you have an obligation to protect the credit system. Your net worth could be worth significantly less in real terms. It's not just that I'm worried about the bank's spreads getting squeezed, although that is important.
Inflation is an ever-present danger, particularly wage inflation.
That's what we need to be concerned about. Wages have to be kept under control. Remember, the wage component of the inflation numbers is the bad component, almost evil. If wages go up, it could come out of your pocket. Reduce the minimum wage.