Definition of inflation: Artificial expansion of the fiat money supply.

One of the great events in world history was the American Revolution. One of the most significant triggers for the revolution was the clear and unhidden tax on tea. Logically, then, you can see why it is advantageous for the State to have a way to impose a hidden tax. Inflation is a hidden tax.

Because of the way inflation is used to redistribute wealth towards those who have politically-favored connections (to the counterfeiting operation), this hidden tax is extremely regressive. It penalizes the poor (those who have none of the political connections enjoyed by the well-connected) to a much greater extent than the rich because the rich are more closely connected—directly or indirectly—to the early stages of the injection of the new funny money into the system.

Next INFLATION Series topic: Inflation Raises the Cost of Living. Be sure to sign up for the series.

Just like all taxes inflation takes some portion of the individual’s wealth at the time of the transaction and the result is a diminished total value of income that can be used for living. Everyone knows how taxes are constantly taking their wealth. The common saying is “Only two things are certain: death and taxes!” But inflation is not only a hidden but it is an extremely regressive tax that most people do not know enough about to be able to muster a concerted resistance.

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That is just the way the State likes it: Keep the people ignorant about this hidden tax because it then can continue to be used to extract wealth from the people and because a foolish population can easily be told that inflation is caused by all sorts of miscellaneous bogeymen; deflecting the ire of the masses (a regressive tax hurts the masses the most) away from the counterfeiting operation of the State.

An educated populace would revolt against this form of taxation if it was no longer hidden.

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FACT: Inflation is a hidden and extremely regressive tax which means that it is unjust and it is theft that is especially targeted at the masses.

Question: Should the cowardly act of hiding taxation be rewarded by a cowardly act of not objecting to that tax?

The best way to gain courage about inflation is to continue reading the posts in this INFLATION Series.

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No one talks about this yet it affects everyone, everywhere, all of the timeMaking it visible is of great value.