Insidious Inflation

(4)

I hate inflation. To be more specific, I hate when government fails at basic budgeting and steals from its people by creating (printing) new dollars out of thin air.

And last year the presses were busy. Nearly a quarter of all US dollars ever to exist were printed in 2020.(1)
Looking at this in terms of supply and demand, when the supply increases, the demand (and resulting value) will decrease. This is why the pastry in the picture costs so much more in April 2020 than it did in March 2019. Nothing changed with respect to the pastry itself. It has the same ingredients and the same nutritional value. The only thing that changed is the value of the paper used to purchase it. Simply put, the government is stealing from people’s savings accounts. But rather than taking a measurable quantity of money, it is imperceptibly taking away the money’s quality.
And this is what makes inflation so insidious. By the time the effects of inflation are being felt, the damage has already been done. Through no fault of our own, we will now have to work longer and harder to pay our bills and feed our families. All because the government cannot keep a balanced budget.(2)

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