tuckfinitee

The King Canute Economy: Governments' Futile Attempt to Stem the Tide

You definitely have a clue.

One huge objection however. Your use of the word redistribution and the meaning it has in command economics. It would be less confusing if you used revaluation in the context of production in relation to consumption and asset values.

Another point that is grossly underestimated is the part played by phony stats and accounting fraud.

Strategies for Surviving Stagflation in the U.S. and Asia

Kunst the Bureau of Statistics solved this problem 20 years ago. Instead of eating hamburger you switch to dog food. Instead of shopping at Walmart you scavenge dumpsters. If you lose your job you go into business for yourself. That will require a capital expenditure for a hoe and seeds.