Inflation by definition is an expansion in the money supply. Its effect on prices is not simultaneous nor proportionate, but works its way through the economy over time. Nonetheless it redistributes property from the early receivers to the late receivers.

There is simply no need for a central bank to expand the supply of money. There is no "threat of deflation", as mainstream economic phobia teaches. Ideally, all prices are falling as the amount of goods and services provided outpaces the production of money. This is virtually impossible under an inflationist central bank.

Without it, you would see the economy collapse along with prices.

To the contrary: their policies are the precise cause of the business cycle, which assures that there's another one coming in the future. It would be best for the central bank to stop inflating immediately.

And besides, prices (of assets) are rising. Stocks, bonds, housing, etc., have all risen greatly. The state's policies, whether inflation or taxation, affect relative growth and progress. They mean decline.

Are you suggesting that since tech prices are falling that this is "bad" for the economy, and that the government isn't inflating enough?