This is a thing that sounds like some crazy uncle bullshit but it is actually completely true and non-controversial.
The scariest thing to a central banker when it comes to inflation is that wages might start to go up. When that happens the inflations is basically permanent.
It’s the same thing the right does with government. It is a truism that there is all sorts of “inefficiencies” where the money is going to the wrong people for the wrong stuff.
In both cases, it’s sort of correct and sort of wrong. Corporations, governments, and any human institution beyond a certain scale (a few hundred people), will leak wealth into places it shouldn’t. It’s an unavoidable feature of our species as best I can tell.
It’s fine to accept it, it’s fine to be angry about it. It’s silly to blind yourself to it in some places and whinge about it in others.