Governments collude with central banks to create inflation.
The reason they do this is because governments are the biggest borrowers of money, and inflation helps them in that the value of debt declines as a function of inflation.
The mechanism is: politicians make promises to voters. These promises involve spending money which governments – because they produce nothing themselves – must either raise through taxes or debt. Because taxing voters to give them back stuff doesn’t make sense, borrowing does…except for those pesky interest payments, which, again, must be paid from taxes or borrowed money.
The way to reduce the “nut”, the borrowed amount is to increase the nominal value of whatever the government “owns”. In this way, the numbers on the total debt remain the same, but the numbers representing the “value” of assets increases.
Downsides being what they are, someone has to pay the price. Inflation kills those who own debt, namely savers…those who eschew debt and plan to look after their own beeswax without governmental “help”.
Right now, you and I are being killed. By our own governments. Because they are ALL doing whatever they can to raise inflation. Because they are ALL borrowing and/or printing money as fast as they can.