in·fla·tion - (n-flshn) n. 1. The act of inflating or the state of being inflated.

Money is a burden... to have and to not have.  But I guess we already knew that!

In recent days I have been dumbfound by the extent of the inflation the world is going through.  I wouldn't have realised it if I hadn't been so well trained by my dad and grandma (:P) to bargain shop at the supermarket.  This is a statistic I heard on a news channel that I absolutely could not believe,   at the end of  june it was said that by september (though prices had already risen at least 25%) prices will further increase another 50%.... FIFTY!!  Can you even understand that?  Frankly I don't.

Around mid 20th century, there were two schools of economics that debated the real reason behind inflation.  Baring in mind we are talking about modern day inflation rather than monetary inflation (which ironicaly means an increase in money supply rather than an increase in prices).  There was the "monetarists" who argued that money supply dominated all other factors in determining inflation, i.e. the countries money supply increases and it can increase its prices to accommodate, while "keynesians" argued that real demand often dominated inflation than changes in the money supply, i.e. there is an increased demand on, say flour, thus they increase the price since it's manufacturing or importation has been reduced significantly.

Great educational value... you're wrong!  I know I am going to sound so rediculous, but hear me out.  Maybe there is increased demand, maybe there is incresed money supply (which is heighly doubtful), but why would there be increased demand... Look at the worlds population, in 195o there were a mere 2.5 billion people, how many are we now? 6.5 billion, and this is all approximate, what's scarier is how many we'll be in 2050... take a wild guess... the worlds population will increase by approxamately 3 billion.  Increased demand because we are multiplying far too much.  Yes, I'm probably the last person who would say this, because I want kids more than anything, but people cool down on the off-springing! Will we... no, because it's our human instinct to make people, God made it that way!  Then we should probably find another way to fix things.

The “oh so great” U.S. of A. were so generous to their inhabitants, that they decided to reduce taxes, this was of course under President Bush's federal governments rule, but wait a second, they reduced their taxes whilst inflation was occurring, meaning that every dollar that anyone saves has less purchasing power each year!  Yeah, the taxes didn't do much did they? Except start controvertial wars that probably resulted in the inflation in the first place.  Do you know how much a barrel of gasoline costs in England... a full tank would set you back 500 saudi riyal, in a normal sized car!

Science and technology isn't helping much either.  instead of home grown natural fruites and vegetables, some obsessive compulsive scientist decided he wants all his tomatos a certain shade of red and the same size and all his carrots the same length and width and oh dear god if he saw any green!  So instead of paying the price of the farming and the profit for the outlet, we now pay the price for the farming, genetic engineering, and the outlet, and I'll tell you the genetics isn't that cheap.

From where I see it, we shoud just blow up the whole world and start over.  but because that's probably impossible, we'll have to resort to patience.  We'll continue multiplying, we'll continue trusting our leaders, and we will always have mad scientist.  we just have to pray they won't get any madder.

And by the way, Money will always be a burden...

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