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In economics, '''Inflation''' is an increase in the [[money supply]] in excess of the quantity of goods and services being produced. Inflation is not caused by [[global warming]] or any natural phenomena. Inflation is caused directly by the people whom voters elect to office. By inflating the money supply, the U.S. Congress is attempting to monetize and devalue its debt for past [[deficit spending]].
In economics, '''Inflation''' is an increase in the [[money supply]] in excess of the quantity of goods and services being produced. Inflation is not caused by [[global warming]] or any natural phenomena. Inflation is caused directly by the people whom voters elect to office. By inflating the money supply, the U.S. Congress is attempting to monetize and devalue its debt for past [[deficit spending]].
Inflation robs workers of their wealth and to discourage savings, investment, and [[capital]] accumulation. Inflation creates panic buying, as workers spend their paychecks quickly before their money loses any more value. Inflation is a hallmark of [[Socialism]].
Inflation robs workers of the wealth, the value of their labor, discourages savings, investment, and [[capital]] accumulation. Inflation creates panic buying, as workers spend their paychecks quickly before their money loses any more value. Inflation is a hallmark of [[Socialism]].
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.
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.