The Federal Reserve System Causes Inflation

All US money consists of borrowings from the Federal Reserve system, _with_ interest, that has to be paid back. How? - with further borrowing so that the money supply _has_ to increase continually. With increased money supply there are more and more dollars chasing goods, hence overall prices cannot fall. The assumption is that the increase in money supply is not greater than the increase in population and increase in goods. We should question the assumption. Remember for years US citizens were not allowed to own gold bullion fixed at $43 dollars an ounce, _but_ all foreigners were allowed to buy it up at that price. Then silver backed currency was made invalid so the only valid currency was Federal Reserve Notes (notes that have to be paid back). It was only very long after the price of gold was allowed to float and got to over $300 dollars an ounce that US citizens could own gold bullion. That is a kind of theft from US citizens.