The TRUTH About Inflation!

Inflation in my opinion is intentional and insidious. I think inflation happens because of greediness on the part of merchants. When a greedy merchant raises prices, then all other prices must go up to compensate for the higher inflated prices. In other words, everyone must charge more for what they sell (their goods or their labor) so that they are able to pay the inflated prices. The law of supply and demand does not compensate for the rise in price. Competition means nothing if there's a monopoly on the commodity. Also unlike what a lot of you economists like to pretend the average American consumer is not that "smart" and buys whatever dumb product with an ad on television. Also you laissez-faire people say the government should stay out of the private market except...when your job is on the line, then it's okay for the evil government to come in and bail you out.

Many people like to blame fiat currency and central banks as the cause for inflation. Fiat is Latin for "so be it", it is money that's backed only by laws and not actual precious metals, e.g., silver and gold. A standard has its advantages because an ounce of silver or gold converted to cash will buy the same amount of goods an ounce of silver or gold 100 years ago could. The more paper money there is the less value it has, I don't think there's any debate about this, but just because the general population has a few more dollars in their pockets doesn't mean the merchants have to automatically charge a few more dollars for all their products "because they can." A lot of capitalists' devotion to the so-called "laws" of the free market is no better than a lot of communists' questionless loyalty to the state.

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