We all have our central banks to thank for “printing” or increasing (however you want to look at it) the total fiat supply by about 40% over the span of about 18 months during our recent pandemic.
You can’t add more currency units to a monetary system that fast and not expect prices to rise especially if you have the same amount of goods.
No man should be able to just print money that another man has to work for.
They usually don’t increase the money supply that fast. But during times of economic crisis or warfare, it gives them an excuse to increase the supply and debase the currency. This has been proven time after time throughout history.
The more they “print”, the weaker the dollar gets, and it’s not like our goods and services are becoming any better quality either to justify the increase in prices. I think we can all agree the newer stuff just isn’t built like it was years ago.
Our dollar is shite, and the current prices on almost everything proves that, and unfortunately with this war going on, it’s giving them yet another excuse to print more and more money.
Not to mention the US is $37trillion in debt and prints daily just to service the interest alone
Hate to be the bearer of bad news, but the printer will continue to print, and inflation will also continue until people just lose faith in the currency and ultimately, it fails.
it’s not a matter of if the currency fails, it’s when.