Modern economy needs infinite money printing for infinite growth and indefinite recessions, thus the so-called 'inevitable' inflation.
Inflation punishes the savers and cash payers; rewards borrowers and those using credit.
Inflation incentivizes people to borrow from the future to consume today, rather than consuming the savings from the past.
Inflation from infinite money printing is akin to attempting to reverse time and gravity, to battle the laws of physics. It leads to an inevitable collapse.
Inflation drives a credit-based economy and consumerism; it rewards speed over patience; it incentivizes reckless speculation rather than prudent investments.
As accumulated wealth diminishes over time, both individuals and companies will invest in more and riskier ventures than they would prefer, in a bid to escape inflation, strive to be rich, and stay rich.
Many companies are driven and rewarded by inflation and consumerism to produce more goods, reduce costs on their products, rather than focusing on innovative products, or improving existing ones, all while borrowing more money to sustain the company.
Notes by Dans Huang | export