First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/08/18/inflation-is-a-giant-skim-on-the-american-people-002802
<p><img src='https://www.moneymetals.com/uploads/content/wallet-mmx-social.jpg'/></p>Simply put, inflation is a giant “skim”—perpetrated in a symbiosis of money creation by bankers and government-affiliated central bank bureaucrats, the two institutions with the power to create money from nothing. Inflation creates a nice, cushy existence for each group. And the bankers and bureaucrats always get their money.