Political Memes

It's built in. Have you not been paying attention?

Cause they found the exploit bug, and the admin is afk

They go up in communist countries too but with the added benefit of shortages and rationing to keep prices relatively in check.

And small inflation is not bad. As long as it is stable and predictable, it does not matter much since people know roughly what price to expect. Theoretically it should be the same for deflation but workers tend to not also accept lower wages when prices drop. It also leads to banks not lending out so you can really only start a business or buy something big if you already have the money. While that is easy enough for people who are rich, it limits social mobility of those who would have to borrow to do the same since finding a lender is more difficult.

It's weird that some people completely understand the following concept: if you don't understand something, it doesn't mean it's bad. But at the same time are unable to apply this concept to economics.

If you're a left-leaning person (in economic politics) and have an open mind, I suggest https://www.amazon.com/Basic-Economics-Thomas-Sowell/dp/0465060730 -- but I'm sure there are other respectable economics who have written easy to understand distillations of the basic theories. I mean actually reading Marx & Engels will give you many of these theories as well, even if a few centuries out-of-date and without the current knowledge on how applying some of their own theories went (= incredibly badly).

Because regulations

The idiot right

Look up inflation perhaps and read some Thomas Sowell. Or any other respectable free market economist really, I just suggest Thomas because he writes in an easy to understand way.

Because the market isn’t free and capitalism has broken down. Competition, a key part of free market operations, was massively reduced when the governments of the world forcibly shut down millions of businesses a couple years ago.

Because unregulated capitalism gets wiley the more rope you let out.

Isn't inflation good for consumers? Deflation means what you already have becomes more valuable -- so the rich would gain a significant boost to their finances since they already have so much. Inflation though would mean they lose a significant amount, and it becomes easier for the working class to break into the rich people bubble.

Prices go up because wages go up, and wages go up because prices go up. Which seems like it can't possibly be the explanation, and while it is of course a simplification, it really is surprisingly accurate.

Inflation is mostly there so that people can keep getting raises and doing better than they did yesterday, without actually moving forward. It's kind of like the Shepard tone. Always infinitely seeming to rise in pitch, but never actually doing so. Or if you are unfamiliar with that reference, it's like a stairmaster. Those stair based exercise machines. You constantly go up a set of stairs that is constantly moving down at the same speed.

Each step feels meaningful, but by the time you are ready to take your next step, you are relatively exactly where you were before. You constantly have more and more money over the course of your life, and to a small degree by the end of a long career you should actually be a little bit ahead if everything went well for you, just in time for you to retire and remove your higher than average salary from the pool to offset someone else gaining a raise that is slightly ahead of inflation.

This is of course all a gross oversimplification. But it's the "slightly accurate model" first step, that leads to learning all the rest in actual depth that changes some of the specifics by a tiny bit if you look closely enough.