[aposiopetic]

The fundamental error of the interventionists consists in the fact that they ignore the shortage of capital goods.
In their eyes the depression is merely caused by a mysterious lack of the people’s propensity both to consume and to invest.
While the only real problem is to produce more and to consume less in order to increase the stock of capital goods available, the interventionists want to increase both consumption and investment.
They want the government to embark upon projects which are unprofitable precisely because the factors of production needed for their execution must be withdrawn from other lines of employment in which they would fulfill wants the satisfaction of which the consumers consider more urgent.
They do not realize that such public works must considerably intensify the real evil, the shortage of capital goods.

[T-Bone Texan]

As a conspiracy theorist with a hatred of the Elites, I posit that all inflation is simply a tool to strip wealth from the producers of society and give it to the super-wealthy.

There is no reason for inflation. It is a weapon against us little people.

[bert]

-—The fundamental error of the interventionists——

Or there is no error at all because the intervention is designed to induce wage price inflation that devalues the currency and thus the debt denominated in the currency.

Royal debt has been a problem since the beginning of time. Various schemes for making smaller coins or alloying the metal or who knows what are used for devaluation. Devaluing paper money that has no value requires more effort.

Obama purposely left this painful devaluation to the next president.