First, from one of the leading economists in all of human history: https://mises.org/mises-wire/what-inflation-really-means#:~:text=Ludwig%20von%20Mises%20however%2C%20held%20that%20the%20popular,the%20quantity%20of%20bank%20deposits%20subject%20to%20check. Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term ‘inflation’ to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. The result of this deplorable confusion is that there is no term left to signify the cause of this rise in prices and wages. There is no longer any word available to signify the phenomenon that has been, up to now, called inflation.
You got that, goose steppers? Inflation is INCREASING THE QUANTITY OF MONEY AND BANK NOTES IN CIRCULATION.
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
Okay, class. (Assuming there's anyone here who made it to middle school status.) There is such a thing as the money supply. https://www.investopedia.com/terms/m/moneysupply.asp The money supply is the sum total of all of the currency and other liquid assets in a country's economy on the date measured. The money supply includes all cash in circulation and all bank deposits that the account holder can easily convert to cash.
(You uneducated goose steppers probably never heard of this.)
Sudden increases in the money supply without production leads to INFLATION.
If the money supply increases faster than output then, ceteris paribus, inflation will occur. If a government prints extra money, households will have more cash and more money to spend on goods. But, if the amount of goods stays the same, the extra cash will just cause firms to put up prices.
But several experts blamed Biden's own actions on the persistent inflation levels. They noted that he has pushed several massive spending packages, namely the American Rescue Plan and Biden's $1.9 trillion COVID-19 stimulus package which have sunk the nation deeper into debt. "Of course, you're going to have inflation when Congress and the president are signing trillions of dollars in new spending and, again, pushing up annual deficits to $2 trillion a year. This is textbook expansionary fiscal policy. The harder the White House hits the gas on fiscal policy, the harder the Fed is going to have to hit the brakes on monetary policy. That just means higher interest rates and more pain for a lot of families."
Bottom line, corporations are PHYSICALLY UNABLE TO CREATE INFLATION. They do not have the keys to the US Treasury.
If you can't understand this, you're a moron. Please don't reproduce.
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One primary cause of inflation that no economist knows is CASH. Once cash is eradicated there will be no stash or unaccounted money. Also there is no report of cash overseas especially USD as it's become a parallel economy. So it becomes easier to mint more dollars to provide liquidity and dilute the value. Each time they mint cash, they rob money from our wallets.. which is the intrinsic value of money.
Morons are those who keep money in the bank and imagine their wealth, while the money gets rotated as many times increasing the cost of living of our future.
If all decide to cash out at once is when they would go bust. There must be an annual cash out day to make the fictitious money fall which will lead to deflation.
