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The government doesn't benefit from hyperinflation, it benefits from wiping out its debt. Taxing away the excess money after it has finished doing that prevents
by wz1000 9y ago
The government doesn't benefit from hyperinflation, it benefits from wiping out its debt. Taxing away the excess money after it has finished doing that prevents hyperinflation while still reducing debts.
The government has the most to lose from hyperinflation, because without currency anyone will accepts, the government is severely reduced in power. With a healthy currency, the government has nearly unlimited ability to finance itself.