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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>
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==
To hold prices stable in a growing economy, the amount of currency in circulation should be held commensurate with the rate of growth of new workers entering the labor force, which itself is a function of population growth. Inflation occurs when a country is flooded with currency in excess of its growing population and hence its economic growth. In a country with a declining population, a similar phenomenon can occur if the amount of currency in circulation remains high as the number of workers and consumers declines.
==Hyperinflation==
==Hyperinflation==