The article discusses the critical role of prices in a modern economy and the negative impacts of inflation. Key points include:

Prices serve as information-generating systems that allow for rational resource allocation in complex economies[1]. Without accurate price signals, economic calculation and decision-making become extremely difficult.

Inflation distorts the price system, reducing its ability to convey useful information and guide economic activity[1]. This makes it harder for businesses and consumers to make rational economic choices.

The recent high inflation in the U.S. has been particularly damaging, with the dollar losing about 25% of its purchasing power in just 3 years - a more extreme loss than anything since the late 1970s[1].

This rapid inflation creates uncertainty and frustration for both consumers and businesses trying to navigate pricing decisions[1]. It turns shopping into an unpleasant experience as people struggle to determine if prices are reasonable.

The inflation disproportionately harms small businesses and those with thin profit margins, while benefiting larger, well-capitalized firms[1].

Overall, the article argues that the recent inflation represents a significant attack on economic vitality in the U.S., with negative consequences likely to persist for years[1]. It emphasizes the importance of price stability for a well-functioning economy.

Sources [1] The Price Of Everything, The Value Of Nothing https://www.zerohedge.com/markets/price-everything-value-nothing [2] Sick Of It All | ZeroHedge https://www.zerohedge.com/markets/sick-it-all [3] The Only Deep Value Left In This Bloated Circus Of A Market https://www.zerohedge.com/markets/only-deep-value-left-bloated-circus-market [4] We Can Be Lied To About Anything... - Zerohedge https://www.zerohedge.com/markets/we-can-be-lied-about-anything [5] Economics - Zerohedge https://www.zerohedge.com/economics