Inflation Takings Require Just Compensation: Slash Governments!
A lesson in inflation and economics
Inflation Takings Require Just Compensation: Slash Governments!
“Forget Biden's claim that his government is ‘fighting inflation.’ His government is creating inflation, and in so doing robbing people of their savings and earnings.”
“If you don't expect too much from me
You might not be let down.”
— Gin Blossoms, “Hey Jealousy”
“Inflation is a mechanism that government people use to fund wars, tyrannical governments, and favors to cronies. Inflation takes away significant fractions of the real value of savings.”
“Savings are accumulated slowly. People add value, earn income, and defer purchases. Inflation depletes savings’ real value quickly. People then have to spend more to satisfy even their most basic needs and most modest wants.
Inflation most greatly hurts the people who earn less income and retirees, whose income doesn’t inflate as much and who therefore can’t reaccumulate savings. Through inflation, governments take big chunks of the real value of all people’s savings without just compensation.
These inflation takings are only seemingly sporadic. Government people keep spending more, so they keep privileging crony bankers to create more money. Governments borrow this money directly, spend less on current interest, and spend less real value on future interest (by defaulting in slow motion). As long as government people keep spending more, inflation continues across the decades seemingly endlessly.