Show PLANNED INFLATION most of us tend to shy away from discussions of inflation by economists they are apt to 10 be ieng lengthy thy technical and to the layman hopelessly involved however an outstanding banker recently gave a general description of the causes of initiation inua tion in words which anyone can understand der stand heres what he said inflation was brought about in this country as a matter ot of deliberate government policy over a period of almost 20 years with world war II 11 thrown in for good measure almost 20 years ago during a period of severe depression I 1 those in charge of our government apparently decided that th the fundamental law of supply and demand was too low in function functioning mg and their economists wrote a prescription for a government made synthetic form of prosperity really int inflation lation based upon a government supplied excess i of purchasing power and a government cre abed short supply of commodities such a program obviously required money lots of it the government does not produce wealth lit dt consumes wealth so the government embarked upon a policy of taking tax money from those who had something and piling up government indebtedness and spreading the money around in the torm form of doles subsidies party payments price support programs and other such devices among people who would immediately spend it I 1 thus there was created the doctrine that the way for people a to get along in this world was to get m more breand and more for doing less and less this was man made synthetic artificially inseminated inflation fla tion manufactured to order and found for some years to be politically iti cally quite profitable tere are the roots of our inflation from which towering plant has grown it is just one more sorry example of the fact ahat when government attempts to repeal a natural economic law everyone is hurt in the long run |