The other classic way to reduce inflation is simply taxing the rich. It’s especially efficient to tax the wealthiest when inequality is high, as it is now. This is macroeconomics 101. Meanwhile, very dubious fringe conservative theories get mentioned instead, like intentionally causing unemployment. All the “solutions” put the burden on the poor.

The fact that taxing the rich never comes up in mainstream discussion as a possibility shows how captured our media and politicians are.