Inflation Is Legalized Embezzlement—And the Central Bank Is the Getaway Driver

We’ve been lied to. For decades, Americans have been told that inflation is some abstract economic force—too complicated for the average citizen to understand—caused by everything from "greedy corporations" to "supply chain issues" to "geopolitical instability." The truth is much simpler, and far more sinister: Inflation is theft. And the central banks are the thieves. Frank Shostak cuts through the propaganda in his Mises Wire article, explaining what every honest economist already knows but few dare to say: inflation is not a "general increase in prices." That’s the result. The cause—and the crime—is the artificial expansion of the money supply. And in a centrally planned monetary system, that expansion is deliberate. What Inflation Really Is: An Exchange of Nothing for…