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Easily summed into one sentence.I get what you're saying, and I agree: inflation is inflation.
As far as intelligence though, this is something that is disconcerting about human nature. I've met some incredibly intelligent people in my life, who have believed some really DUMB things.
It's easy to think that your ideological foe is stupid, or evil, or just plain ignorant, but unfortunately it's not that easy. It seems that the human mind has this amazing adaptability that allows us to rationalize, justify, and believe anything we want to believe. Intelligence doesn't seem to have a lot to do with it. In fact, more highly intelligent people are often the worst of all, in that they know they are more intelligent than most and therefore MUST be right.
This is the guy who once told me, "You know, everyone thinks they're right, everyone in the world, but I've given it a lot of study and thought, and I think I really am right."
I chuckled because I thought that was a pretty funny joke, in an ironic sense, but the look on his face told me he was quite serious.
The human mind is amazingly adept at self-delusion.