Why the Obama admin financial policy is gearing up to create inflation

The modern taxation system is tremendously efficient. First you’re taxed when you earn money (income tax) and then again when you spend it (value added or consumption tax). But between what you earn, after tax, and what you spend there is occasionally a bit left over, which we call savings, and without inflation governments can find it very difficult to help themselves to this bit in the middle. However, with inflation, a whole realm of taxes on savings becomes viable.