Government Spending, Not Corporations or Oil Prices, Fuels Inflation

Commentary Governments could stop inflation today. What follows is why they will not. Inflation is not a coincidence. It is a policy. Governments, along with their so-called experts, attempt to persuade you that inflation stems from anything other than the consistent, albeit slower, rise in aggregate prices year after year. Issuing more currency than the private sector demands erodes its purchasing power while creating a constant annual transfer of wealth from real wages and deposit savings to the government. Oil prices are not a cause of inflation but a consequence. Prices increase as more units of the currency used to denominate the commodity shift to relatively scarce assets. Therefore, oil prices do not cause inflation; they instead are one of the signals of currency debasement. Furthermore, if oil prices caused inflation, we would go from inflation to deflation quickly, not from elevated inflation to relatively lower price increases....