too many soldiers
too many men, not enough solders
too many immigrants
not enough immigrants
immigrants didn't integrate
immigrants integrated too much
not enough defense spending
recession from too much defense spending
lack of scientific knowledge
proto-technocracy instead of realpolitik
i.e. take your pick of too much like today
not enough like today
as well as the worst thing to happen to civilization
not actually that badMost people interpret inflation as obvious government mismanagement, I interpret it as an inevitability because of the inherent conflict between medium of exchange and store of value caused by using gold as currency.
Saved money that is used as a store of value interrupts the circulation of money which then stops the payment of taxes which then forces the government to find a substitute for the loss of tax revenue. The answer is to separate the medium of exchange and store of value function into two separate "institutions". Cash is not a store of value, banks delegate the store of value by giving loans to producers of value i.e. companies and entrepreneurs. If you just save cash/gold, there is no guarantee anyone is going to produce value in the future. You are basically speculating that there are going to be people in the future that will gladly take your gold and then people act betrayed when that speculation didn't pan out.