While common criminals use guns and masks to steal money, our leaders use the printing press–printing ever more dollars out of thin air.
It is interesting that more modern dictionaries only use half of the definition of inflation. The Oxford American Dictionary of 1986 defines inflation as:
“a general increase of prices and fall in the purchasing value of money.”
But that is only half the story of inflation. According to Websters New Twentieth Century Unabridged Dictionary of the English Language of 1957, inflation is defined as:
“an increase in the amount of currency in circulation, resulting in a relatively sharp and sudden fall in its value and a rise in prices.”
Like other happenings–we must not look at just the symptoms, but rather the underlying cause. The result of inflation is always rising prices, but the cause is printing more money.`