Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Inflation is the biggest hidden tax. Richard #shorts

11 Feb 2026 · 1 min

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In this YouTube short, Richard Canfield explains that the expansion of debt‑backed money supply is the primary driver of rising inflation, which he characterizes as the biggest hidden tax. He argues that inflation erodes purchasing power, making saving futile and disproportionately harming low‑ and middle‑income consumers. A co‑speaker adds a political layer, expressing shock that liberals were reelected despite inflation’s harm to the poor, and noting that boomers—who are generally wealthier and retired—provided the voting margin, while younger generations continue to struggle.

Chapters

The expansion of this debt obligation money supply element is the leading cause of what amplifies inflation. Well, inflation is the biggest hidden tax. It hurts the low to middle class and it hurts the consumer. And the degree to which all elements of your buying is completely eroded, there's no value in being a saver anymore.
It is so unfortunate to see how it hurt the poor, which is one of the reasons why I was so shocked that the liberals got reelected. And when you look at the voting numbers, of course, it's the boomers that put them over the top, which the boomers tend to be wealthy. You know, they've already retired, they've got their money, and so they just want to maintain their lifestyle. And don't worry about the youth generation that's struggling, which to me is ridiculous.