Investors are made somewhat immune from the damage done to the economy by monetarary and fiscal austerity by the increase in bond yields that the Fed uses to utilize its control on inflation. This also means creating more currency/debt to service the debt, but it is distributed directly to the top while those who need credit pay the bill.

If the federal government knee jerks in its reaction to inflation by cutting back spending there aren't enough bonds generated to satisfy the demand for safe storeage of wealth and those investors will turn to the second best option, the American housing market, which is also the largest expense item for the working class and its single repository of middle class wealth. This presents increased costs to workers while their job market is decimated with pressure to accept lower wages. Anyone who wonders what is happening to the middle class need look no farther.