I have thought about getting into a sideline because of certain hobbies I engage in. Maybe making doghouses because I like to work with wood. (work with wood, heh,heh, somethimes I think that when I debate with you anti's I'm working with wood, ahem, ((I hope that doesn't get me pulled)).) So if I raise my prices by 30% that is inflationary. The 30% increase has to go somewhere so, according to Rob's Theory of Inflation, it could just go right into my pocket. I like that.
As I suspected, you are playing some sort of semantic word game. I say that every wage earner getting a 15-25% increase in take home pay, and almost all prices going up 18-30% at the same time is inflationary. And that dollars are devalued.
And that it punishes anyone that holds any wealth outside of a tax-deferred account.
You seem to disagree and think this is not a problem and that it is not inflationary because we don't know for sure what the Fed will do.