Deflation or inflation? Which lies ahead seems to be the question, as the Federal Reserve Bank continues to inflate, adding to the currency supply at a pace of $85 billion each month. But after blowing a huge bubble, isn’t it eventually liable to pop, deflating?
As Mark Jeftovic wrote at Wealth.net, “most people think that prices slowly, naturally, inexorably rise over time, just as sure as aging and erosion. They also think that that is ‘inflation.’”
It’s not, inflation is an expansion in the supply of money, but only when the government or its bankers do it. When you or I expand the supply of money it’s called counterfeiting.
Source The WealthCycle Principle