Note: I am not an economist. This is not about why inflation happens but what I have written here is going to anger the “fiat currency is a conspiracy of the international bankers” sect and will be challenged by them and others because of certain assumptions I have made. See the bottom of this article for those assumptions.
Inflation is a constant reality of living in a human society which uses paper currency. So why does it bother so many people?
Supply-side economics, popularly known as ‘trickle-down’ economics, has been the most dominant approach to economic policy in North America (and some other countries) since the 1980s. Despite all economic evidence to the contrary, it is a policy that is still pursued today, to some extent or other, by both conservative and centrist parties in liberal democracies. The primary real-world consequence of these policies is a drastic increase in the economic differences between the rich and poor. The record is not good. Why is the policy so popular?
If there’s one thing in society we think we deserve, it’s the money we earn , however we earn it. But do we really deserve it?
Whether we earn money as compensation for work, or we earn interest from investments or profits from a company we own, the vast majority of us are agreed that we deserve the money we are paid. We decide we deserve this money regardless of other factors: