(Mises)—Price inflation is no coincidence. It is a policy. Governments, along with their so-called experts, attempt to persuade you that price inflation stems from anything other than the consistent, albeit slower, rise in aggregate prices year after year. Issuing more currency than the private sector demands, thus eroding its purchasing power and creating a constant annual transfer of wealth from real wages and deposit savings to the government.
Oil prices are not a cause of inflation but a consequence. Prices increase as more units of the currency used to denominate the commodity shift to relatively scarce assets. Therefore, oil prices do not cause inflation; they are one of the signals of currency debasement. Furthermore, if oil prices caused inflation, we would go from inflation to deflation quickly, not from elevated inflation to slower price increases.
The same goes for all the causes that governments and their agents try to use as an excuse for rising prices. Most are just manifestations, not causes of inflation. Even if the global economy were dominated by three evil and stupid oligopolistic businesses, they would not be able to increase aggregate prices and maintain an annual increase if the quantity of currency in the system were to remain equal. Why? Two things would happen. First, those three monopolistic evil corporations would see their working capital soar because citizens would not have enough units of currency to pay for all they produce. Two, the rest of the prices would decline as there would be a significantly lower number of units of currency to purchase other goods and services.
Even a group of quasi-monopolistic corporations cannot make all prices rise in unison and consolidate the annual level, only to continue rising. However, the monopolistic issuer of the currency, the government, can make all prices rise while at the same time diminishing the purchasing power of the units of state debt that they issue.
It is surprising to see how some so-called experts say that a few large corporations make all prices rise but deny that the state that monopolizes the creation of money is the cause of price inflation.
Governments are at the root of rising prices. While banks can generate money—credit—through lending, they rely on projects and investments to support these loans. Banks cannot create money to bail themselves out. No financial entity would go bankrupt then. In fact, banks’ largest asset imbalance comes from lending at rates below the cost of risk and having government loans and bonds as “no-risk” investments, two things that are imposed by regulation, law, and central bank planning. Meanwhile, the state does issue more currency to disguise its fiscal imbalances and bail itself out, using regulation, legislation, and coercion to impose the use of its own form of money.
Monopolies cannot simply drive up prices unless they are able to force consumers to use their products without any decline in demand. We also must understand that destructive and inefficient monopolies can only exist if the state imposes them. In any other situation, those monopolies disappear due to competition, technology, and cheaper imports from other nations. So, which is the only monopoly that can force consumers to use their product regardless of the real demand for it? Government fiat money.
The government is the largest economic agent and therefore the most important driver of aggregate demand, as well as the issuer of currency. The government can end today’s high price-inflation rates any time by eliminating the unnecessary spending that causes the deficit, which is the same as money printing. Taxing the private sector to cut price inflation is like starving the children to make the fat parent lose weight.
If Senator Warren and President Biden were right and corporations were to blame for rising inflation, competition, cheaper imports, and a decline in demand, they would have taken care of their unjustified prices. Only the government can cause and perpetuate inflation, using the central bank as its financial arm and regulation as the imposition of the state’s IOU (currency) as the “lowest-risk asset” in banks’ assets. The government creates the currency and imposes it, and when its purchasing power declines, it blames the economic agents that are forced to use its form of money.
MMT defenders and neo-Keynesians say that the government can issue all the currency that they need and that their limit is not fiscal (deficit and debt) but price inflation. It makes no sense because price inflation is the manifestation of an unsustainable fiscal problem, reflected in the vanishing confidence in the currency issuer. It is, literally, like a giant corporation issuing debt endlessly and thinking nothing matters. It is a subterfuge to implement the constant increase in size of government in the economy, knowing that once it controls a large part, it is virtually impossible to stop the state.
Stephanie Kelton and others say the government should spend all it wants and, if price inflation rises, tax the excessive money away. This is funny. So, the government increases size on the way in, spending and diluting the purchasing power of the private sector’s earnings and savings, and then taxes the private sector, thus increasing the size of government on the way out. Furthermore, there is no government that would recognize that price inflation comes from spending too much, so the destruction of the private sector continues and the diminishing confidence in the currency extends, as history has proven numerous times.
Governments cannot tax away the price inflation they have created by bloating spending. They can only weaken the private productive sector further and worsen the economic situation and the price inflation outlook.
There is no such thing as perennial monetary sovereignty. Like any form of debt, currency demand disappears with the government’s solvency and the economic weakness of the private sector consumed by taxes. Once the government destroys confidence in the currency as a reserve of value, the private sector will find some other way to make transactions outside of the imposition of a state-issued currency.
When governments present themselves as the solution to price inflation with large spending programs and subsidies, they are only printing more money, like putting out a fire with gasoline.
Biden says the government has a plan to cut price inflation, but all they have done is perpetuate it, making citizens poorer and the productive sector weaker.
If Biden wants to cut price inflation, all he must do is eliminate the deficit by cutting expenditures. The reason why governments should never oversee monetary policy and be allowed to monetize all deficits is because no administration will cut its size to defend citizens’ wages because nationalization by monetary inflation and taxes is the goal of interventionism: to create a dependent and hostage economy.
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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.