Great work. I also think about the inflation side as devaluation against real money you have worked hard for. We exchange our time for wealth. Over time the value of our effort has been eroded by conditions set by these centralised powers. The $20 you earnt lifting something for an hour 10 years earlier can now only buy not even half of what it could when you earnt it.
This constant deflation of buying power has in fact enslaved the average Joe from achieving fair wealth and growth. So you set off to save and buy a house in 2010, you need 200k and work out you can save for that in 10 years only to find after 10 years the required price of that house is now 400k and your going to need another 5 years to save the next 200k...Because of the way the system is rigged against you, you are forced to work 5 years more than you had to and likely had to settle for a lesser property because by the time you reach the next 5 years, you realise your still 100k short because the house is now 500k...
The sad part is in particular with property is the average Joe has no control over market value. It is set by the powers who have the monopoly to ensure the property continues to inflate in value. Because property is where the most debt/inflation or in othjer words 'new cash' is generated.
Thanks for your thoughts.
Yes, inflation is an invisible tax that has been chipping away at the average Joe's wealth for decades.
Since the abolition of the gold standard, Joe has been forced to invest his "money" (actually it became currency after 1971) into riskier assets, so that he would not lose his purchasing power to the inflation caused by loose monetary policy.