Inflation continually erodes the value of money we hold. We must constantly keep our money moving in order to make more money before its value deteriorates as well. At the end of year one, a dollar is worth 95 cents. Inflation destroys faith in government and sets social classes against each other. It forces everyone to run faster and faster, take on additional jobs etc., just to stay par.
Inflation clobbers the poor hardest, since they have little playing room with their money.
In an inflationary environment, wealth is neither created nor destroyed. Those who get it last lose. An understanding of global inflation is the key to understanding the situation that the Bible speaks of in the end times. For the first time in the history of the world, inflation is a universal phenomenon with all currencies tied together. By this mechanism a government can operate entirely without taxes.