The day before the election, a dear friend of mine posted how she was a proud liberal, full of compassion for the less fortunate. But was she? She was voting to have the Federal Reserve print trillions of dollars that her favored politicians would then hand out to the poor. She didn't have to do anything. Nothing was expected of her - no fasting, no sacrifices, nothing. The goodies all appeared magically so the government could give them away.
Is that compassion or is that self-delusion? Is she just being compassionate within the rules of the game? After all, since we have a fiat monetary system - our money is not tied to any commodity - is compassion handing out money no matter where it comes from?
In the end, she felt compassionate today. Tomorrow she'll feel the stagflation and respond to it with either a fiscal awakening or more "compassion."