Why Inflation?

The most abused word in economics is "inflation." Inflation is evoked as a counter to any new economic policy by those against it, so often that it has lost all credibility, and frankly, it should. Thinking about it even for a moment, inflation occurs when the demand for a product exceeds the supply, but in America, most staples in life have an almost magically endless supply due to our advanced level of productivity. If anybody wants a new pair of shoes, or clothes, or food, or any staples, they can pay the same amount for any amount. Only status symbols can become rare, that's why they're status symbols. Inflation really only applies to goods that people buy to accumulate wealth, so whenever you hear someone use "inflation" as a reason to be against something, suspect ulterior motives of their own personal wealth.
Roughly, inflation redistributes wealth from those who loan it to those who borrow it, so the prime objective of those that have wealth is to prevent inflation. You can tel