The TRUTH About Inflation (What the Politicians will NEVER say)

The simple truth about the nature of inflation that the politicians and legacy media will never admit.

These days, you see a lot of politicians, central bankers, legacy media talking heads, and economists talking about “inflation.” But the problem is, they’re never actually talking about inflation itself – they’re talking about the rise in prices that is the result of inflation.
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That may sound confusing to some, so I’m going to clear it up for you so you can better understand what inflation really is. Once you understand the nature of inflation itself, you’ll find yourself wondering why all these politicians, bankers, media talking heads, and economists always blame “inflation” on COVID 19, Putin, greedy corporations, even Beyonce… but they NEVER talk about the real cause of inflation which is the root cause of prices rising.

Here’s a fantastic and short explanation of inflation by Ludwig von Mises which should clear up any confusion you have.
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"If the supply of caviar were as plentiful as the supply of potatoes, the price of caviar—that is, the exchange ratio between caviar and money or caviar and other com- modities—would change considerably. In that case, one could obtain caviar at a much smaller sacrifice than is required today. Likewise, if the quantity of money is increased, the purchasing power of the monetary unit decreases, and the quantity of goods that can be obtained for one unit of this money decreases also.

When, in the sixteenth century, American resources of gold and silver were discovered and exploited, enormous quantities of the precious metals were transported to Europe. The result of this increase in the quantity of money was a general tendency toward an upward move- ment of prices in Europe. In the same way, today, when a government increases the quantity of paper money, the result is that the purchasing power of the monetary unit begins to drop, and so prices rise.
This is called inflation.

Unfortunately, in the United States, as well as in other countries, some people prefer to attribute the cause of inflation not to an increase in the quantity of money but, rather, to the rise in prices."
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Ludwig von Mises spoke these words in 1958, but they are just as true today. Even more so, now that instead printing paper money, governments and central banks like the Federal Reserve can create new money out of thin air with a few keystrokes on the computer.

So, what can you do to protect yourself from inflation? Study bitcoin. Unlike the US dollar or other fiat currencies that have ULTIMITED total supply, Bitcoin has a fixed supply of 21 million, and the rate of new bitcoins created – the inflation rate– exponentially decreases every four years, in an event known as the Halving.

So, next time you hear some politician or central banker talking about rising prices without talking about TRILLIONS OF DOLLARS the united states created in the last few years alone, call them out. They assume you are stupid and uninformed – they want to pull the wool over your eyes and blame everything except the only thing that really matters: printing money out of thin air.

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