Moderate inflation empowers small business and labor by depleting capital. Lower capital gains from monetary investments provides incentives to invest in real resources and productivity, similar to the concept of higher taxation on wealth we saw in the '50s and '60s.

The "real" gaslighting over the last 50 years has been from those who would promote the concept of government spending on the public purpose as "free stuff" in an effort to curtail injection of money that is able to retire private sector debt or be net saved into the economy. The "tell" for these con artists is their insistence that there is no "public money", only "taxpayer money", which is easily adopted because it is relatable to the finances of anyone who isn't the creator of all net money in the economy as sovereign currency creating governments are.

The less such governments spend on the public welfare the more the public is dependent upon private banks and employers. A population of wage slaves that die in debt is hardly an admirable goal for any nation but it is very good for a few.