Don't get all Hyper!

#1

At work we got notified by one of our suppliers of an impending price hike. Our reaction is to put a big order together ASAP, and buy that stuff for all the jobs we have and most of the jobs we hope to get.

Inflation accelerates spending.

#2

People say printing money causes inflation. But that's informal. Really, it isn't the printing that causes inflation. It's the spending.

Spending causes inflation.

#3

Spending causes inflation, and inflation accelerates spending.

That's why sometimes inflation becomes hyperinflation. It wants to be a self-reinforcing feedback loop.