INFLATION PIE
Inflation revisited, again
There are a large number of versions of, “X = inflation.” Many Americans are sure that they understand the nature of inflation. They have reasoned out the causes, and effects of the phenomena, inflation, based on input received through one source or another.
The fact is that each of these Americans are likely correct about the damaging economic effects of inflation, as they understand it. They are often reluctant to accept another definition, or consider another view, being later focused on the traits, and features of inflation as they understand it. They tend to ignore the point that I have proposed in my posts. This does not hurt my feelings. I believe that these other elements of economic bastardization are ALL detrimental to a healthy economy, destructive of our civil society, and worthy of distain.
My goal is not to recruit a large quantity of Americans to join me in my belief about the definition of “inflation,” rather I want my fellow citizens to recognize the destructive nature of fiat currency, as created by the Federal Reserve.
It is true that interest rate manipulation is a huge danger to our economy, and as the ratio of currency to goods & services is a real concern, these factors only exacerbate the problems created by the production of fiat currency. They are caused by its fabrication, and multiply its destructive effects.
The problem is that many don’t even realize that the most powerful effect is that our government uses this instrument to extract value from the wealth that we creat. Then as prices, and wages increase, we are taxed on the higher amounts. These increased taxes, along with the stolen, created currency, are then used to fund efforts contrary to the will of those who originally created the wealth. Our own wealth is used to confound the will of the people who created that wealth.
It is through a dereliction of duty that education has been used to distract Americans from the dangers of fiat currency. My hope is to inspire my fellow Americans to reassess these factors, by educating themselves more thoroughly, and resisting.
The Tea Party was formed in the 2010 election cycle in response to the over-spending of the Federal Government. Somehow the attention of Americans has been drawn away from this very real danger. We must bring our attention back to profligate spending, as well as fiat currency, or we may revisit the experiences of the Weimar Republic.
God bless you, Dave