Governments Could Stop Inflating If They Wanted. But They Won't.

Governments, along with their so-called experts, attempt to persuade you that price inflation stems from anything other than the consistent, albeit slower, rise in aggregate prices year after year.

If oil prices caused inflation, we would go from inflation to deflation quickly, not from elevated inflation to slower price increases.

The same goes for all the causes that governments and their agents try to use as an excuse for rising prices.

There is no government that would recognize that price inflation comes from spending too much, so the destruction of the private sector continues and the diminishing confidence in the currency extends, as history has proven numerous times.

Governments cannot tax away the price inflation they have created by bloating spending.

When governments present themselves as the solution to price inflation with large spending programs and subsidies, they are only printing more money, like putting out a fire with gasoline.

Biden says the government has a plan to cut price inflation, but all they have done is perpetuate it, making citizens poorer and the productive sector weaker.

https://mises.org/mises-wire/governments-could-stop-inflating-if-they-wanted-they-wont