Inflation affects and distorts the economy, it brings great harm to the public and it encourages speculation and mindless risk-taking. In fact, inflation acts as a poison for all savers. It makes saving for the current working generations practically nonsense.
Money is supposed to be a store of value, however due to central bank-sponsored inflation, it can no longer fulfill this critical role.
Unfortunately, most of the people do not question how inflation affects through loss of the purchasing power of their savings, thus, central banks get away with this "financial crime". No currency on the planet is any longer a storehouse of value.
Inflation is, everywhere and always, a monetary phenomenon. What we experience are things going up in price, but in fact, inflation is really the value of your money going down simply because there’s too much of it around. Inflation is a hidden tax, the easiest way for any government to confiscate the savings of the public and for generations, wealth has been transferred in this manner.