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>> Indian Rupee is inflated by the govt at a crazy rate, because that's how the govt funds itself in lieu of taxes Very interesting. I was looking for an answ
by alok-g 9y ago
>> Indian Rupee is inflated by the govt at a crazy rate, because that's how the govt funds itself in lieu of taxes
Very interesting. I was looking for an answer to how the Indian government even funds itself with only 1% of the population paying taxes (which also suffers from tax evasion). Could you please explain more how inflation is used in lieu of taxes?
Thanks.
- splintercell 9y agoYou print[1] more money and spend it. 1. Create more money should be the accurate term here. They can create more money by printing or, using debt.
- alok-g 9y agoThat makes sense. Thanks! Is there somewhere I can read more about this? :-)