In the modern world, money proper is no longer gold but rather coins and notes in circulation; inflation in this case is an increase in the supply of this type of money.
What we are saying is that inflation is increases in money supply.
The government, which produced the inflation by multiplying the supply of money, incriminates the manufacturers and merchants and glories in the role of being a champion of low prices.
Once money enters a particular market, more money is paid for a product in that market.
The shift of money from one market to another market is not instantaneous; there is a time lag from increases in money and its effect on the average price increases.
In terms of money supply the growth rate of inflation was much larger.
These increases in prices do not cause the diversion of real wealth from wealth generators to the holders of money out of "Thin air." Price increases are indicators that tell us that the embezzlement of wealth producers is taking place.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Thursday, July 1, 2021
Inflation Is a Form of Embezzlement
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment