The combination of fiat money and democracy must necessarily lead to an accelerating inflationary dynamic culminating in an inflationary blow off phase.
Inflation is a dynamic that is exponential in nature and limited mathematically. Thus as the dynamic develops, the “beneficial” effects of inflation gradually wane over the decades until they disappear. In the process, in an effort to maintain a positive inflationary trajectory, governments must by necessity become ever greater actors in the economy regardless of the moral and legal ramifications that entails.
That being the case, what the main stream press is only now catching up on is nothing but the logical outcome of the inflationary dynamic due to the use of fiat money.
“Federal employees making $100,000 or more jumped from 14 percent to 19 percent during the recession’s first 18 months — and that’s before overtime pay and bonuses are counted. […] When the recession started, the Transportation Department had only one person earning a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000.”