Inflation, Government and Contentment

Recently, I was reading financial publication which had the following quote:

"By a continuing process of inflation
governments can confiscate, secretly and unobserved,
an important part of the wealth of their citizens."

Would you like to guess who made this statement?
Would you consider who follows the principles of this man today?

Read the quote again.

"By a continuing process of inflation
governments can confiscate, secretly and unobserved,
an important part of the wealth of their citizens."
John Maynard Keyes, The Economic Consequences of the Peace, 1919, p. 235.

How is inflation produced?
If a nation's monetary system used fiat money, say paper money with no tangible backing,
then it is only necessary to print large amounts of this money to create inflation.

Why would a nation print such large sums of money?
Perhaps to cover a debt which the nation owes.
Or perhaps, as Mr. John Maynard Keyes indicates, there might be another reason.

Frankly, I prefer to reflect on the words of another knowledgeable man:

"Now there is great gain in godliness with contentment, for we brought nothing into the world, and we cannot take anything out of the world. But if we have food and clothing, with these we will be content. But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction.

For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.

But as for you, O man of God, flee these things.

Pursue righteousness, godliness, faith, love, steadfastness, gentleness. "
Paul of Tarsus, Holy Bible, (1Ti 6:6-11 ESV)

Be blessed and Be a blessing,
BE