Why inflation is not a threat
A normal household has to pay rent or make mortgage payments. To arbitrarily exclude the biggest expense to consumers from CPI is pretty misleading.<p>When you create new money prices don&#x27;t rise evenly. At the moment we have new money being created by central banks and given to privileged institutions who get access to free money. They use that to buy investments: real estate, stocks, etc. These are precisely the things getting really expensive. The last things to get more expensive during big cycles of inflation are employee wages.<p>The world used gold&#x2F;silver for its currency for most of human history until 1970 when we entered this period of worldwide fiat currencies. Our current situation is pretty remarkable.<p>The whole argument for printing money being OK is dumb. If it&#x27;s OK to print money to pay for some things why are you not doing it more? Why not make everyone a millionaire?<p>I think that another deception is that we should ordinarily be experiencing price deflation. Every day our society is getting more efficient at making things. If prices for goods are staying the same then it may not be that their value has not changed, they may be less valuable goods, but they cost the same because you&#x27;re also buying them with less valuable currency.<p>If you have gone through years of moving everything to China to make it cheaper to manufacture, improved technology to make processes more efficient, etc. and I&#x27;m still paying the same amount for all of the stuff in my life, then again, maybe all these things are cheaper, but I&#x27;m also buying them with currency that&#x27;s less valuable.<p>Ultimately, printing money doesn&#x27;t make anyone more productive or produce anything. All it does is redistribute wealth from those that were first to get the new free money away from those that were last to contact it.