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Prices are going up because there is an additional quantity of money, asking, searching for a not increased quantity of commodities.

In the newspapers or the theorists call the higher prices inflation.

But the inflation is not the higher prices. The inflation is the new money

pumped into the market. It is this new money that then inflates the prices. Central banks

have spent decades flooding the global economy with newly created money. We are told this policy, or what is called a monetary

inflation, is needed to stimulate economic growth and to keep unemployment low. But like

so many of the justifications that politicians and bureaucrats offer for their actions,

this one is a lie. For as we will explore in this video, a rapid expansion of the

money supply is economically destructive. It impoverishes the poor and middle class,

exacerbates wealth inequality, permits a dangerous growth in state power, and sets an economy

up for a crash. The real reason those in government favor the policy

of a monetary inflation is because it is an effective means to transfer wealth from the citizens

to the state. Monetary inflation breeds not only poverty and chaos, but also government tyranny.

Few policies are more calculated to destroy the existing

basis of a free society than the debauching of its currency. And few tools, if any, are more important

to the champion of freedom than a sound monetary system. Money is a medium of exchange. Money is not wealth. Money can be used as a measure of wealth,

but paper currencies and digits added to bank accounts are not a form of wealth. Rather, real wealth

consists of the goods and services produced in an economy, which can be put to use to better our lives.

A central bank can double the supply of money overnight, but this action would not make

...