What is the relationship in history of occurances in history of inflation and war?
One Chicago Tribune article is titled: We are going to beat inflation, and another article titled: Fast Senate OK expected for 49 billion Aid to Ukraine, are contradictory in a Capitalistic Society based on supply and demand according to this following opinion about use of paper money.
“One can say without exaggeration that inflation is an indispensable means of militarism. Without it, the repercussions of war on welfare become obvious much more quickly and penetratingly; war weariness would set in much earlier.” (Excerpt War and Inflation)
The Purpose of This Post
Is to relate ancient Bible verse and history of wars to this conundrum how war and inflation can be compared to a song verse,” love and marriage go together like a horse and carriage.
Those officers [named above] supplied food and other materials for King Shlomi (Solomon) and for everyone for whom Shlomi provided. Each was responsible for his month’s supplies; they saw to it that nothing was lacking. (1 Kings 4:27)
1 Kings 12:1-24 Rehoboam meets the elders of Israel at Shechem where he is asked to make the burden of taxation lighter than under his father. Rehoboam refuses and responds that he will make the burden heavier.
As a result, the people of Israel rebel against Rehoboam and appoint Jeroboam – who has returned to Israel with Egyptian support after Solomon’s death – as King of Israel. Rehoboam is left as King of Judah, with the Temple and royal palace in Jerusalem.
What’s My Point?
There were no paper dollars being printed in ancient times to pay to fund government. Each providence supplied necessary food and supplies instead to King Solomon who mangaged during his reign never to engage in a war with neighbouring countries.
My point is in our contermporary times in a supply demand society based on supply and demand, the cost of food will increase because there will be less supplies of food supplied to the world as a result of the Ukraine war which was a major supplier to the world food supplies.
So as the USA farm products markets prices will increase as a greater demand to make up for lack of Ukraine farm products means food inflation prices will result in higher inflations same as oil supplies in the USA because of price and demand, all the result of war.
In My Opinion
The USA continuous use of printing dollars to fund Ukraine war supplies will add even greater demand for raw materal price inflation.
In other words, anyone who believes we are going to beat inflation while at the same time print dollars to pay to fund wars that reduce supplies is dreaming according to history .
Add that in ancient history after King Solomon’s death and Rheoboams refusal to lighten the burden of taxation, the King dom of Israel split into two, which made it waaker to defend which result in and later defeat by former allied Nations of King Solomon, should the USA be concerned about our present path of printing dollars?
Read the source links below which contains a chart of actual inflation from 1929 to 2021. Note the estimates for years 2022 through 2022 of 4.3 percent inflation has been proven in error
If after reading the Source links, should we believe, we will ever lick inflation or believe it is possible to promise guns and butter while engaging in funding wars which throughout history records the opposite to every Nation who prints money and borrows to fund wars.
Will present inflation result in hyperinflation which every Nation in history experienced by printing dollars to fund guns and butter wartimes to create greater demand for short supply good and energy needs?
Regards and goodwill blogging
Chicago Tribune May 12, 2022
Inflation Rated by years and focus
Wikipedia – Inflation
War and Inflation Excerpt