The uncensored truth about inflation – how inflation enriches politicians and the 1%

Central banks have spent decades flooding the global economy with newly created money. We are told this policy, monetary inflation, is needed to stimulate economic growth and keep unemployment low.

Still, this one is a lie, as many of the justifications politicians and bureaucrats offer for their actions.

As we will explore in this video, a rapid expansion of the money supply is economically destructive; it impoverishes the poor and middle class, exacerbates wealth inequality, permits a dangerous growth in state power, and sets an economy up for a crash.

The real reason those in government favor the policy of monetary inflation is that it is an effective means to transfer wealth from the citizens to the state.

“Monetary [inflation] breeds poverty and chaos and government tyranny. Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tools, if any, are more important to the champion of freedom than a sound monetary system.”

Hans F. Sennholz, Inflation, or Gold Standard

Money is a medium of exchange; money is not wealth. Money can measure wealth, but paper currencies and digits added to bank accounts are not a form of wealth.

Instead, real wealth consists of the goods and services produced in an economy that can be used to better our lives.

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