Part 5/16:
A recurring theme is that inflation acts as a stealth tax that disproportionately impacts the poor and middle class. Preston notes that recent statements from political leaders, like UK Prime Minister Rishi Sunak, reveal a dangerous misunderstanding: claiming that "prices are going down" when, in reality, the rate of inflation is simply slowing, not reversing. This deliberate confusion serves to mask the ongoing erosion of purchasing power.