I think one of the early successes of the Right, and one not ever really beaten back by the Left, was to convince people that inflation is The Worst Thing Ever. For most of us, especially those of us with fixed nominal interest debt, (relatively modest) inflation is probably a good thing. In practice inflation doesn't necessarily mean pure inflation, with price level and wages rising simultaneously, so it makes sense that over relatively short periods of time people see the price of milk go up and feel the pinch, but probably an untold story of the inflationary period of the 70s was that a hell of a lot of people came out the other side quite well. Suddenly their houses were worth quite a bit, and their mortgage payments were trivial.
And, yes, absurdly anti-inflation policies are there for the banksters, not the rest of us.
