Inflation - Revision history

RobSmith at 20:53, March 30, 2026

2026-03-30T20:53:05Z

RobSmith at 22:43, February 2, 2026

2026-02-02T22:43:55Z

RobSmith at 22:42, February 2, 2026

2026-02-02T22:42:35Z

RobSmith: /* Political instability */

2026-01-06T08:10:06Z

Political instability

RobSmith at 14:34, December 24, 2025

2025-12-24T14:34:26Z

RobSmith at 14:33, December 24, 2025

2025-12-24T14:33:34Z

RobSmith at 14:32, December 24, 2025

2025-12-24T14:32:25Z

RobSmith: /* Hyperinflation */

2025-10-08T20:28:19Z

Hyperinflation

RobSmith: /* M2 */

2025-08-05T04:51:06Z

RobSmith: /* M2 */

2025-08-05T04:50:37Z

← Older revision		Revision as of 20:53, March 30, 2026
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−		+	[[File:Word-image-70913-5.png\|right\|300px\|thumb\|The inflation cycle.<ref>https://internationalman.com/articles/the-debt-spiral-that-ends-in-dollar-destruction-6-hard-truths-america-can-no-longer-ignore/</ref>]]
	In economics, '''Inflation''' is a general increase in the cost of goods and services compared with the value of the currency used to purchase them, which can be due to a variety of causes including higher energy prices as occurred in the 1970s. "Today, mainstream economists hold the notion that inflation is an increase in the price of goods or services."<ref name="Fee">[https://fee.org/articles/the-definition-of-inflation-is-incomplete/?gad_source=1&gclid=CjwKCAjw9cCyBhBzEiwAJTUWNZJjR-wz-VJBcu0ACqMSXwEaGQlegSUC2kochazNIrZn262r_blvjhoCLuoQAvD_BwE The Definition of Inflation Is Incomplete]. ''FEE''. May 12, 2019</ref> Another definition of inflation is an increase in the [[money supply]], as in a government printing more dollars, in excess of the production of goods and services.<ref>Inflation is not caused by [[global warming]] or any natural phenomenon. Inflation is caused directly by the people whom voters elect to office.</ref> By inflating the money supply, the [[U.S. Congress]] devalues everyone's savings, and increases interest costs on its [[deficit spending]]. In 2021, President [[Biden]]'s $1.9 trillion [[COVID-19\|Covid]] spending caused inflation to spike to its highest level in 40 years.<ref>https://www.msn.com/en-us/money/markets/biden-e2-80-99s-2419-trillion-win-on-covid-aid-hobbles-rest-of-agenda/ar-AAUpZ42</ref> A currency becomes worthless when there is [[infinite]] inflation.		In economics, '''Inflation''' is a general increase in the cost of goods and services compared with the value of the currency used to purchase them, which can be due to a variety of causes including higher energy prices as occurred in the 1970s. "Today, mainstream economists hold the notion that inflation is an increase in the price of goods or services."<ref name="Fee">[https://fee.org/articles/the-definition-of-inflation-is-incomplete/?gad_source=1&gclid=CjwKCAjw9cCyBhBzEiwAJTUWNZJjR-wz-VJBcu0ACqMSXwEaGQlegSUC2kochazNIrZn262r_blvjhoCLuoQAvD_BwE The Definition of Inflation Is Incomplete]. ''FEE''. May 12, 2019</ref> Another definition of inflation is an increase in the [[money supply]], as in a government printing more dollars, in excess of the production of goods and services.<ref>Inflation is not caused by [[global warming]] or any natural phenomenon. Inflation is caused directly by the people whom voters elect to office.</ref> By inflating the money supply, the [[U.S. Congress]] devalues everyone's savings, and increases interest costs on its [[deficit spending]]. In 2021, President [[Biden]]'s $1.9 trillion [[COVID-19\|Covid]] spending caused inflation to spike to its highest level in 40 years.<ref>https://www.msn.com/en-us/money/markets/biden-e2-80-99s-2419-trillion-win-on-covid-aid-hobbles-rest-of-agenda/ar-AAUpZ42</ref> A currency becomes worthless when there is [[infinite]] inflation.

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-[[File:Let's Go Brandon2.JPG|right|200px|thumb|As inflation ravaged America after the [[U.S. Color Revolution|2020 Socialist putsch]], consumers revolted.]]
 In economics, '''Inflation''' is a general increase in the cost of goods and services compared with the value of the currency used to purchase them, which can be due to a variety of causes including higher energy prices as occurred in the 1970s. "Today, mainstream economists hold the notion that inflation is an increase in the price of goods or services."<ref name="Fee">[https://fee.org/articles/the-definition-of-inflation-is-incomplete/?gad_source=1&gclid=CjwKCAjw9cCyBhBzEiwAJTUWNZJjR-wz-VJBcu0ACqMSXwEaGQlegSUC2kochazNIrZn262r_blvjhoCLuoQAvD_BwE The Definition of Inflation Is Incomplete]. ''FEE''. May 12, 2019</ref>  Another definition of inflation is an increase in the [[money supply]], as in a government printing more dollars, in excess of the production of goods and services.<ref>Inflation is not caused by [[global warming]] or any natural phenomenon. Inflation is caused directly by the people whom voters elect to office.</ref>  By inflating the money supply, the [[U.S. Congress]] devalues everyone's savings, and increases interest costs on its [[deficit spending]].  In 2021, President [[Biden]]'s $1.9 trillion [[COVID-19|Covid]] spending caused inflation to spike to its highest level in 40 years.<ref>https://www.msn.com/en-us/money/markets/biden-e2-80-99s-2419-trillion-win-on-covid-aid-hobbles-rest-of-agenda/ar-AAUpZ42</ref>  A currency becomes worthless when there is [[infinite]] inflation.
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 ==Political instability==
 In some societies, political decisions control the supply of currency.  If a [[fiat currency]] is devalued due to an increase in the total [[money supply]], inflation will result.

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 In economics, '''Inflation''' is a general increase in the cost of goods and services compared with the value of the currency used to purchase them, which can be due to a variety of causes including higher energy prices as occurred in the 1970s. "Today, mainstream economists hold the notion that inflation is an increase in the price of goods or services."<ref name="Fee">[https://fee.org/articles/the-definition-of-inflation-is-incomplete/?gad_source=1&gclid=CjwKCAjw9cCyBhBzEiwAJTUWNZJjR-wz-VJBcu0ACqMSXwEaGQlegSUC2kochazNIrZn262r_blvjhoCLuoQAvD_BwE The Definition of Inflation Is Incomplete]. ''FEE''. May 12, 2019</ref>  Another definition of inflation is an increase in the [[money supply]], as in a government printing more dollars, in excess of the production of goods and services.<ref>Inflation is not caused by [[global warming]] or any natural phenomenon. Inflation is caused directly by the people whom voters elect to office.</ref>  By inflating the money supply, the [[U.S. Congress]] devalues everyone's savings, and increases interest costs on its [[deficit spending]].  In 2021, President [[Biden]]'s $1.9 trillion [[COVID-19|Covid]] spending caused inflation to spike to its highest level in 40 years.<ref>https://www.msn.com/en-us/money/markets/biden-e2-80-99s-2419-trillion-win-on-covid-aid-hobbles-rest-of-agenda/ar-AAUpZ42</ref>  A currency becomes worthless when there is [[infinite]] inflation.
-Inflation robs workers of the wealth and the value of their labor and discourages savings, investment, and [[capital]] accumulation.<ref>See Matt 10:10: ''the workman is worthy of his meat''</ref> Inflation creates panic buying, as workers spend their paychecks quickly before their money loses further value.  Inflation is a hallmark of [[Socialism]].
+Inflation robs workers of the wealth and the value of their labor and discourages savings, investment, and [[capital]] accumulation.<ref>See Matt 10:10: ''the workman is worthy of his meat''</ref> [[John Maynard Keynes]] in ''Economic Consequences of the Peace'' said,
 High inflation undermines the [[economy]]'s ability to generate long-lasting growth and job creation.  High inflation erodes the value of incomes and savings. People on fixed incomes, including the elderly and poor are particularly vulnerable to inflation. [[Social Security]] payments are adjusted to inflation months or years after the fact and typically when inflation has already accelerated to higher levels.

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 Bruce Bartlett wrote:
-{{cquote|It is true inflation fundamentally is a monetary phenomenon. The inflation of the 1970s came about primarily because [[Federal Reserve|Fed]] chairman Arthur Burns gunned the [[money supply]] to get [[Richard Nixon]] re-elected in 1972. He was followed by G. William Miller, appointed by [[Jimmy Carter], who didn’t have a clue about [[monetary policy]] and only made the dismal inflation situation he inherited far worse.<ref>https://heartland.org/opinion/ronald-reagans-fight-against-inflation/</ref>}}
+{{Cquote|It is true inflation fundamentally is a monetary phenomenon. The inflation of the 1970s came about primarily because [[Federal Reserve|Fed]] chairman Arthur Burns gunned the [[money supply]] to get [[Richard Nixon]] re-elected in 1972. He was followed by G. William Miller, appointed by [[Jimmy Carter]], who didn’t have a clue about [[monetary policy]] and only made the dismal inflation situation he inherited far worse.<ref>https://heartland.org/opinion/ronald-reagans-fight-against-inflation/</ref>}}
 To an able-bodied person living on the dole with automatic "cost of living increases," the rate of inflation makes no difference. Whereas to a worker, saddled with the cost of supporting everyone who receives government support or subsidies, the dollar value of their labor to support themselves diminishes in real-time.

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 High inflation undermines the [[economy]]'s ability to generate long-lasting growth and job creation.  High inflation erodes the value of incomes and savings. People on fixed incomes, including the elderly and poor are particularly vulnerable to inflation. [[Social Security]] payments are adjusted to inflation months or years after the fact and typically when inflation has already accelerated to higher levels.
 Theoretically, the [[cost of living]] should become cheaper over time due to [[technological]] improvement and [[innovation]]. Inflation, caused by [[deficit spending]], is [[legal]]ized [[theft]] by [[government]].
 ==Monetary theory==

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 ==Hyperinflation==
 [[Image:Wheelbarrow money.jpg|right|thumb|A wheelbarrow full of printed currency during the Weimar Republic.]]
-[[Hyperinflation]] is out-of-control inflation and occurs when there is a massive imbalance between supply and demand and a complete loss of confidence in the [[currency]].  Currency is still being printed in large quantities without a corresponding increase in the amount of goods and services available.  It has occurred when price controls are dropped by central governments, like in the [[economic collapse]] of the [[USSR]], where inflation reached over 1000% in some areas.<ref>[http://globalis.gvu.unu.edu/indicator.cfm?IndicatorID=152&Year=1995&Country=UA] Inflation Indicators Ukraine</ref>  Price controls have always proven to be an ineffective, if not disastrous response.
+[[Hyperinflation]] is out-of-control inflation and occurs when there is a massive imbalance between supply and demand and a complete loss of [[confidence]] in the [[currency]].  Currency is still being printed in large quantities without a corresponding increase in the amount of goods and services available.  It has occurred when price controls are dropped by central governments, like in the [[economic collapse]] of the [[USSR]], where inflation reached over 1000% in some areas.<ref>[http://globalis.gvu.unu.edu/indicator.cfm?IndicatorID=152&Year=1995&Country=UA] Inflation Indicators Ukraine</ref>  Price controls have always proven to be an ineffective, if not disastrous response.
 The worst episodes of hyperinflation historically have been in [[Weimar Germany]] in 1923 (after [[World War I]]), [[Hungary]] and [[China]] after [[World War II]], [[Chile]] under [[Salvador Allende]], and [[Zimbabwe]] in the late 2000s.

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 From 2020 to 2022, the money supply (M2) surged 40%, adding nearly $10 trillion. By mid-2025, M2 reached $22 trillion — steadily eroding the [[value]] of [[money]].
-Most dollars in circulation today were printed post-2020, with no increase in production of goods. This drives inflation — [[money]] buys less. For example, $100K in 2019 is worth roughly $65K in 2025 due to inflation fueled by excessive [[dollar]] printing.
+Most dollars in circulation today were printed post-2020, with no increase in [[productivity|production]] of goods. This drives inflation — [[money]] buys less. For example, $100K in 2019 is worth roughly $65K in 2025 due to inflation fueled by excessive [[dollar]] printing.
 ==Joeflation==