Historically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices.
This shift in the definition of inflation lets central banks get away with their fraudulent business. Thus, the original definition must be reestablished. We must, by all means, switch the focus from the symptoms to the disease.
The CPI Deserves Less Attention
The lure of the Consumer Price Index (CPI) doesn’t just undermine price inflation, but also camouflages monetary inflation. Everywhere in the media and academic circles CPI is used as the main measure of “inflation.” Along with this index, “experts” sometimes talk about producer price indexes and personal consumption expenditures.
Although these indexes can provide an estimation of where the economy is

Despite all of the inflation-fighting talk from the Fed, the truth is that the government benefits from inflating the currency. We need to know how to defend ourselves.

Original Article: "Can We Protect Ourselves from Inflation?"

Rulers found out early on that they could debase gold and silver coins for their own gain. As a consequence, the money supply increased, whereas money’s purchasing power fell. This pseudoalchemy is the true definition of inflation and has been a policy for more than a thousand years.
What’s more, an increase in the money supply leads to rising prices. This symptom of inflation is often mistaken as inflation itself. The correct term, though, is price inflation.
Moreover, inflation creates boom-bust cycles and redistributes wealth, which results in winners and losers.
In a world of governments, inflation is inevitable since it is advantageous to the ruling class. Though we can’t escape this dreadful disease, we can learn to better deal with its symptoms—starting with knowledge.
Hence, I

Every human acts purposefully using scarce means to attain ends. From this action axiom, we can deduce further human behavior and its effects. One such behavior is time preference.
Time preference is the idea that people value present ends above future ends. Since we must choose between various ends at any given time, we must have a preference to achieve the chosen end sooner rather than later. Otherwise, we wouldn’t have acted at all.
High Time Preference versus Low Time Preference
People have different time preferences. Thus, we distinguish between low and high time preferences. What is considered low and high in this aspect is relative.
People with (relatively) high time preferences are more present oriented. Thus, they place extra value on consuming sooner. They prefer instant