In a free market economy, price inflation and deflation will happen naturally, and market forces will ultimately restore order.
However, in 2022, we live in a society completely detached from a free market, and the fact that we are seeing consistent, devastating inflation and monetary debasement is entirely a product of our ruling class.
It doesn’t take a PhD in Austrian economics (real economics) to realize that there is absolutely no organic trigger for the inflation you’re witnessing today. Given the amazing technological advances of the past couple of decades, our stuff should be getting significantly cheaper through price deflation, not more expensive. Energy should be abundant. Property should be affordable. All of our stuff should be a lot cheaper.
So, what in the heck is going on?
For quite some time, inflation has been used as a weapon to hoover up power for the elites. Both the U.S. system and the Eurosystem purposely create inflation (primarily, through a debasement-driven monetary policy) with the clear but unstated end goal of empowering a small network of individuals and groups. Diabolically, this fraction of one percent of the U.S. population receives almost all of the benefits of the money printing regime, while the 99.9% become the ultimate fiat bag holder suckers.
— World Economic Forum (@wef) December 12, 2016
For many years, things were going just swimmingly. Through continuous war, currency manipulation, other manufactured crises, and the like, this small cartel — which sometimes engages in friendly competition amongst themselves, but never engages in activity that threatens to spoil the fiat party — has seen tremendous success.
But now we are witnessing cascading failures, and the system looks like it might break. Decades of Keynesian madness, far detached from the laws economics, threatens to cripple the power drunk authoritarians.
The elites want inflation, but they certainly do not want *hyperinflation,* which will blow up their whole system. “You will own nothing and you will be happy” only works if the plebs remain committed to their system. If their system breaks, all bets are off.
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