Inflation

Inflation, or rising prices, results from an increase in the money supply, causing more money to chase the same amount of goods and services, leading to higher prices. In the early 2020s the US money supply grew by 45%, contributing to the high inflation seen in the years following. Sound money prevents inflation by maintaining a limited supply and it stabilizes prices by keeping its value over time. It fosters trust in the currency, encouraging saving over quick spending, which helps keep the economy balanced.

"Inflation, being a fraudulent invasion of property, could not take place on the free market." - Murray Rothbard