The black horseman of the Book of Revelation speaks of a condition wherein a man's daily wages are so poor, he can barely support himself, much less his family. That definition is incorrect, but it does represent a subtle change the economic establishment has inserted into American thinking. 2 Inflation is an increase in the total amount of money in the supply, which results in a rise in prices. By changing definitions, the public has been conned into thinking inflation is the result of market pressures rather than monetary pressures caused by an expanding and confiscatory money supply. This makes it difficult for people to understand what causes inflation and what it does to them in terms of their earning power.
Inflation is a massive, hidden tax imposed on citizens without their understanding or consent.
It represents the value of your hard work. It looks just like yours and spends just like yours. Remember, you had to work for yours. So they raise their prices. A Lifetime of Loss Keynesian economic pundits regularly thump the drum that inflation is a normal part of a healthy economy.