Watch now (14 min) | Central banks have spent decades flooding the global economy with newly created money. We are told this policy, or what is called a monetary inflation, is needed to stimulate economic growth and to keep unemployment low, but like so many of the justifications that politicians and bureaucrats offer for their actions, this one is a lie. For as we will explore in this video a rapid expansion of the money supply is economically destructive; it impoverishes the poor and middle class, exacerbates wealth inequality, permits a dangerous growth in state power, and sets an economy up for a crash. The real reason those in government favor the policy of a monetary inflation is because it is an effective means to transfer wealth from the citizens to the state.