“Today, people are beginning to understand that the government’s account is overdrawn…”

“ Inflation” is defined in the dictionary as “an unnecessary expansion or increase of the national currency, that is, by issuing paper money that cannot be purchased in kind” (Random House Dictionary). Interestingly, the word “inflated” is defined as “inflated with air or gas; swollen.

“The latter is no accident: when it comes to social issues, 'inflation' does not mean growth, expansion or expansion, but 'unnecessary' expansion, either inappropriate or misleading. The expansion of the country's currency (which, by the way, cannot be done by individuals, only by the government) is to suppress the flow of paper backed only by promises (or gossip) as assets. and accept the current values. Goods or services of citizens in exchange, until the wealth of the country is exhausted. A similar act done in private is the transfer of checks to a nonexistent bank account. But playing in private is considered a crime, and most people understand why such activities cannot last long.

“Today people are beginning to understand that the public account is overflowing, that a paper is not the same as a gold coin, nor a car, nor a piece of bread, and that you will not achieve it if you try to counterfeit money, he will simply drop the coin and declare bankruptcy.

~Ayn Rand, from her essay "Moral Inflation"

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