Inflation is promoted as the "least-bad" option available for dwindling resource. It does have a downside, not mentioned here.
The historian, David Hackett Fischer, has written a book, The Great Wave, in which he presents a measured 700 year correlation of crime and the rate of inflation. We can see it in recent US history. The Great Depression, deflation and low crime. The 80, prosperity, inflation and high crime. Even now, as we can see an uptick in inflation being matched by an uptick in crime.
Neither Fischer or anyone else has explained this correlation.
During inflation times people go into crime to obtain things otherwise they wouldn't. From small steals to organized crime, all becomes attractive.
But during deflationary times things can get even worse. As I wrote, individuals can go from a comfortable life to begging in a very short period of time - desperate measures are taken. You wouldn't know, but a lot of people commit suicide under these circumstances.
Another story that survived here from the 1980s is related to this. It is said that on a coastal town in 1982 seven family headmen terminated their lives in a single afternoon.
Naturally crime leads also to violence and death. This is all too painful for me to address objectively, but from my experience the mild-inflation days were not as difficult as the depression times. Vencit omnia veritas.
