An increase in the supply of money is the root of inflation, though this can play out through different mechanisms in the economy. A country’s money supply can be increased by the monetary authorities by:
● Printing and giving away more money to citizens
● Legally devaluing (reducing the value of) the legal tender currency
● Loaning new money into existence as reserve account credits through the banking system by purchasing government bonds from banks on the secondary market (the most common method)
In all of these cases, the money ends up losing its purchasing power.
Human beings have been studying daily, lunar, and annual cycles for a long time. The interaction of the Sun, Moon, and Earth can be predicted with mathematical precision. What effect human beings (and other species) will have on the Earth’s climate X years from now cannot.
COMPROMISE
First guy: Let’s round up all the Jews and send them to concentration camps.
Second guy: Let’s not.
First guy: Let’s compromise. Let’s just round up half.