It’s flat out absurd that inflation is caused by anybody or anything other than the central bank.  Anyone propounding the myth that inflation is cause by businesses should instantly lose credibility.  Sadly, the most influential people know the least about economics.  Inflation might be the most misunderstood concept, intentionally.  Furthermore, inflation is not a tax.  It’s an alternative to a tax, and far more insidious.

Inflation does not add goods to a society.  Inflation is the increase in money.  It’s more money chasing the same amount of goods.  Under these conditions, it’s nearly inevitable that prices will rise.  A business will more than likely charge more for a good.  This does not cause inflation.  It’s a response to inflation.  Higher prices are a symptom.  Printing money is the disease.  That’s what needs to be addressed.

Inflation is a transfer of money.  Not in the traditional sense that Peter is robbed to pay Paul.  It’s a transfer of money from the late receivers to the early receivers.  The early receivers are the state and their friends.  It’s not you.  You are harmed.  Money is taken from you and given to them.  A tax is observable.  You see the money taken out of your paycheck.  This is an insidious way of taking money.  It’s unobservable, and is transferred to those they like.

Transferring money to their friends is a good way to win a popularity contest.  The myth that inflation is caused by greedy businessmen must be pushed.  They couldn’t win the upcoming contest if the public was aware of what inflation was.  Those influential people willfully misunderstand the issue.  They are the early receivers.  They are the ones who benefit from this legal counterfeiting.

Inflation is much worse than a tax.  They can only take a limited amount of money before there is pushback.  Of course, they want to take more.  They do this secretly by inflation.  There would be pushback around the world.  So, states around the world must resort to inflation.  It’s a complete house of cards.  More money is owed than in existence.  It must be constant, or the house of cards will come crumbling down.

Reference

Murray Rothbard; Man, Economy, and State