Changes

[[File:Let's Go Brandon2.JPG|right|200px|thumb|As inflation ravaged America after the [[U.S. Color Revolution|2020 Socialist putsch]], consumers revolted.]]

[[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. "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</ref>  But that definition has been criticized for failing to address the cause of inflation.<ref name="Fee"/> Another definition of inflation is an increase in the [[money supply]], as in a government printing more dollars, 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]].  Biden's $1.9 trillion [[COVID-19|Covid]] boondoggle 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>

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</ref>  Another definition of inflation is an increase in the [[money supply]], as in a government printing more dollars, in excess of the quantity of goods and services being produced.  Inflation is not caused by [[global warming]] or any natural phenomenon. 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]].  Biden's $1.9 trillion [[COVID-19|Covid]] boondoggle 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> Inflation creates panic buying, as workers spend their paychecks quickly before their money loses further 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.  

Inflation is caused when a government's appetite for spending on popular vote buying schemes exceeds its budget, flooding the country with excess currency, and leading to a general rise in the price level of a limited supply of goods and services. When businesses pass along their costs to consumers to remain in business, [[Marxist]]s blame the "greedy" businessman rather than their [[statist]] allies in government who authorized the spending.  One of the primary purposes of an inflationary policy is to foment [[class warfare]], pitting citizens against citizens, rather than holding politicians responsible for the decline in living standards for which they hope to benefit by authorizing more inflation and another round of social spending.  Under the socialist [[Biden regime]] and its transition to a socialist economy, inflation reached a 40-year high during its first 10 months with no end in sight.<ref>Mark Moore, "[https://nypost.com/2021/11/24/over-75-of-us-hit-by-inflation-and-most-blame-joe-biden-poll/ More than 75% of US hit by inflation and most blame Biden, poll shows]," NYPost, Nov 24, 2021</ref>

Inflation is caused when a government's appetite for spending on popular vote-buying schemes exceeds its budget, flooding the country with excess currency, and leading to a general rise in the price level of a limited supply of goods and services. When businesses pass along their costs to consumers to remain in business, [[Marxist]]s blame the "greedy" businessman rather than their [[statist]] allies in government who authorized the spending.  One of the primary purposes of an inflationary policy is to foment [[class warfare]], pitting citizens against citizens, rather than holding politicians responsible for the decline in living standards for which they hope to benefit by authorizing more inflation and another round of social spending.  Under the socialist [[Biden regime]] and its transition to a socialist economy, inflation reached a 40-year high during its first 10 months with no end in sight.<ref>Mark Moore, "[https://nypost.com/2021/11/24/over-75-of-us-hit-by-inflation-and-most-blame-joe-biden-poll/ More than 75% of US hit by inflation and most blame Biden, poll shows]," NYPost, Nov 24, 2021</ref>

==Monetary theory==

==Monetary theory==