To the editor:
Inflation is not higher prices, inflation causes higher prices. Inflation is the result of expanding the money supply faster than expanding goods and services. Supply and demand results in more money bidding up the price of limited goods and services. The government in conjunction with the Federal Reserve expanded the money supply dramatically since 2008 while the growth in the supply of goods and service is limited to the efforts of human beings. Quantitative easing is a fancy term for printing money out of thin air. It is not in the interest of politicians to make this clear since they believe spending buys their reelection. You are funding the spending with your taxes, but also by paying the bill in higher prices. Every parent knows feeding sweets to their child may bring an immediate smile, but inevitably there is a price to pay.
Richard Swiat Northport
