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> inflation without commensurate change in infrastructure. Inflation isn't tied to infrastructure growth, so not sure why you would expect this In fact, if the
by wyager 10y ago
> inflation without commensurate change in infrastructure.
Inflation isn't tied to infrastructure growth, so not sure why you would expect this In fact, if the government pulls this kind of stuff, one should expect to see inflation without any benefit attached. As I said, messing with money's fungibility makes it less valuable.
> The problem is serious enough for the government
Yes, for the government; it hurts their tax revenue. That doesn't mean it's bad for the economy. I'll read those links when I get home.
>the net cost of the black economy is estimated to be ~12-20% of the GDP,
Black markets almost always increase production. People use them because they're more efficient than government-controlled markets. When they say "costs" they probably mean "the government loses access to".