I think your boogeyman, "the owning class," is very similar to my boogeyman, "the borrower class." Both are critiques of groups that benefit from particular economic structures. Although we think about economics in totally different ways, there is an interesting parallel between the two ideas.

I'm probably a handmaiden to the fascist class in your eyes, while I think you’re economically illiterate.

My borrower class - Refers to those who gain privileged access to newly created credit or monetary expansion.

Your owning class - Usually refers to capital owners (bourgeoisie) who own productive assets & employ labor.

I do believe that if there aren't artificial barriers to production or the supply of goods, humans will end up producing more. As more goods are produced and compete in the marketplace, prices will fall. Democratic socialists, however, tend to micromanage or take over production, which will slow the creation of goods and cause prices to rise.

An interesting digression/aside would be the Jevons paradox: when technological improvements increase the efficiency of a resource's use, this can lead to a rise, rather than a fall, in total consumption of that resource. This is often used as a critique of capitalism by environmentalists.

P.S. I don't think I've talked to a single right-winger on this website yet. Maybe right-wingers are a dying breed, at least in the Fediverse. I don't know. I'm so alone.

Jevons paradox

#Inflation