Is the true cause of inflation beyond human understanding . . . or are some “humans” trying to pull the wool over everyone else’s eyes in confusing the issue?

“Inflation is a increase in the quantity of functional money in the economy.”  (1972)

“. . . Higher prices are the “result” of inflation, and are not the same thing as inflation.  This distinction is important for any correct diagnosis of the inflation disease, if one would hope to treat the disease, instead of dabbling with its symptoms.”  (1948)

“Inflation means too much money.  The way to prevent inflation is to close down the money factory.  It is just that simple.  All the complicated gibberish one hears and reads about inflation simply blocks an understanding of the essentials of the problem . . .”

“What the government does is like a counterfeiter  . . . . When a private citizen counterfeits money, the wrath of other citizens is aroused.  They say, ‘He did no useful work to get that money . . . Yet he takes useful things out of the market without producing other useful things to go into the market as we do.’  The effect of this chicanery is that prices go up, and the rest of us receive less and less for our money.”

"That is a correct statement of what happens under counterfeiting . . . when the government makes new money and spends it, the effect on the supply of things in the market and the effect on prices are exactly the same as when any private counterfeiter does so.”  (1968)

“ . . . So everyone’s money becomes diluted and every dollar is taxed in buying power.  Inflation should always be thought of as a tax.’  (1958)

“The inflation-tax causes privation and unrest, in response to which the state commonly imposes yet another intervention—price controls.  Unless reversed, one control leads to another until the completely authoritarian state emerges.”  (1968)

“Under the spell of rising prices . . . we find some agents in government engaging in the old game of throwing decoys . . . one is reminded of the trick of the robber who commits a crime and then joins the angry mob in search of the robber.  In this inflation crime, persons who have been parties to the crime divert attention from themselves by accusing innocent persons.”  (1948)

Dr. F. A. Harper was the president of an institute dedicated to the study of the true nature of economics when removed from the slanted distortion of the “political arena”.  He is the author of a great little book entitled "Why Wages Rise".