RSAAKS

Letting the Reinflation Genie Out of the Bottle

For a economy-idiot like me, can someone explain why having some 20-30% inflation of prices and wages be so dreadful. If wages magically went up by, say 25%, most of the home loans and credit card loans will suddnly become payable by the consumers. And then of course prices will also go up by 25-30%, and all that has to happen is decreased future consumption and we could be OK? So in future even with 25% higher incomes, we all consume 20% less food, 20% fewer cars and fuel etc, that is the new reality any way, can the wiser crowd shed some light on inflation for us?