Mid-Boss said:
I actually have to point out that that isn't how inflation works. Inflation currently is based on the interest rates set and on international trade. Current inflation is not based on the amount of currency in circulation. Also, if Inflation were based on currency in circulation, the inflation amount would have been the same regardless of whether the bailout money went to the people or to the banks like it did. In fact, because of the way lending and banks work, it probably would have caused less inflation had it been payed to the people. Prices would increase, but only because people would be more willing to pay higher prices, the demand curve would shift, it has nothing to do with inflation.
Sorry about that, but misunderstanding inflation really bugs me, it's a peeve. Other than that, i agree with your post. Being a soldier doesn't make you any more right than anyone else.