Inflation is really just a form of theft.
Through inflation, governments are able to reduce the real value of their debts. And at $18 trillion, the United States government is in serious need of doing so.
That’s why they lie about inflation.
At 2% inflation, the average person will see prices double two times in his/her life. In other words, if the price of a widget is $1 on the day you’re born, it will probably cost at least $4 by the time you depart this earth.
Yet if inflation is ratcheted up just by a single percentage point to 3%, then you’ll see prices rise nearly EIGHT fold over the same period. And at 4%, roughly SIXTEEN fold.
Inflation is an extremely destructive force over the long-term for individuals.