2 percent inflation and max employment is Fed's states objective ..

Which literally means fiat is supposed to lose its value . This two percent inflation is counted for a small set of commodities - the bread basket. Fed doesn't really care if your house is inflating at fifteen percent or stocks of mag 7 are going up at 20 percent .. so effectively .. fiat is supposed to lose value at 15 to 20 % ..

It is like something written on the wall .. no one should be surprised!

That is why everyone ( except few bitcoiners who keep crying about it ) knows that cash is trash ..

It's only purpose is to buy daily groceries ..and invest in something of value .. besides pay your taxes ..

The problem is really for those who can't even buy groceries.. or those olds like me who can't earn .. such categories are covered by social net .. supposed to funded by your tax dollars .. if they weren't spent on stimulating voting turn out in India !