You can see the taxed money coming out of your paycheck, but you can’t see the dollars that have been counterfeited.  Inflation is a way to coerce you, secretly.  You don’t see this happening.  Moreover, the propaganda army will try to convince you this is good for you.   Specifically, it’ll be the propagandists for the central banks.  Inflation is just how you can be coerced without you knowing.

There’s an important check that’s removed when a banking cartel is formed.  Central banks can print dollars at will.  They can’t print gold.  They won’t be able to coerce you secretly if we use a precious metal, probably gold.  Gold is a very important check on state coercion.  As soon as gold is removed from money, the flood gates have opened.  You can now be coerced at will.  If money can be manipulated at will, you can be manipulated at will.

Inflation wreaks havoc.  It’s covert coercion, but specifically it attacks: your bank account, future paycheck, prices, and retirement account.  Money can be directly taken out of your bank account under paper.  This can’t be done if dollars are backed by gold.  I’m not saying a bank won’t try to issue more receipts than what’s available.  However, they can’t do this simultaneously with the other banks.

A bank can certainly try to issue more receipts than what’s available.  The banks competitors will point this out.  People will begin to write reviews.  The word will get out that they don’t have enough money.  People will then go to withdrawal their demand deposits.  A bank run will start.  This bank will go out of business.  This check is absolutely gone under a system of counterfeiting and secret coercion.

Checks for freedom have been removed.  It’s done secretly, but you’re being coerced more than you think.  Using paper, rather than gold, allows them to coerce you at will.  Your wealth can, and has been, printed away.  All of this happens without you knowing it’s happening.  More than that, many don’t know that they don’t know.  A banking cartel of extreme counterfeiting allows for unprecedented levels of coercion.

Reference

Murray Rothbard; The Mystery of Banking