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Inflation as interest

As I think about it, if we posit that inflation is wealth transfer, that it is gradual, and that it is in theory measurable, then the best logical analogy for it is compound interest.

As my money sits, in a condition of inflation (which can only truly be brought about by someone leveraging a privileged position to create money from nothing), it loses value. I see this called a hidden tax, but that only take into account the government. Most inflation does not benefit the government, except to the extent that it enables continued borrowing, and continued pursuit of nakedly opportunistic policies which win the votes of short-sighted, selfish, and stupid people.

In this country, on the contrary, we have a truly Alice in Wonderland system, in which the government has no control over our money supply, which has instead been entrusted to unelected, unaccountable bankers who operate in complete secrecy, even though their decisions affect all of us. This is lunacy.

The notion of inflation as interest income works, I think, to help make this more clear. Sometimes these bankers are charging us interest openly, and sometimes they are writing themselves checks that make the rest of our money worth less. Either way, in aggregate they win, always.