I recall there being some sort of mitigating circumstance to that policy, which might indicate that inflation’s not some sort of punishment being meted out by an omnipotent, sadistic ruler.
Ah, that's a separate discussion. As it stands, financially responsible persons' savings were devalued, and whether or not you agree such a heavy hammer was justified, simply from a game theoretic standpoint, per the current thread of discussion, you might expect similar policies in the future to also affect the value of your 401(k) savings and might reconsider whether locking up the prime earnings of your labor in a stagnant account until you are 65 years of age is an optimal strategy for retirement when hedging against ever-increasing prices of everyday necessities. That's just being rational.
