"...artificially raises the price of labor leading to inflation..."
Actually, inflation means an expansion of the supply of money. Prices are just a result. Lower wages are always the last to "benefit" from inflation. (The more you have the longer ahead you can plan) Prices don't rise all at once. Every price change also changes demand. It takes some time for customers to adjust to the new higher prices. Some items become less important with these new prices. Some items might just not be in demand anymore. There's no way to tell until demand it reset by customers. So, you can't plan production until you know. And you can't set wages until you know what and how much to produce.
"because raw Capitalism isn't as amazing and all liberating as its cracked up to be."
Where is this 'raw capitalism'? There is no country on Earth that's totally capitalist. Most are "mixed" economies. How do you know fiat control isn't to blame for what ills you? Cause Bernie says so...