Without Inflation, the Status Quo Collapses; With Hot Inflation, It Also Collapses

Eventually policy-makers turn the dials to 11 and nothing happens.

Many others have explained why inflation is part-and-parcel of the status quo. In the simplest terms, where's why inflation is essential:

1. Our economy and financial system are totally dependent on the expansion of credit/debt. Banks make money by issuing new loans, and financiers make money by buying and selling debt and instruments that leverage debt.…