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This. Plus all the new money printing debases the currency eventually (even if you are the world reserve currency issuer). This is what transfers the bulk of t
by starbugs 7y ago
This.
Plus all the new money printing debases the currency eventually (even if you are the world reserve currency issuer). This is what transfers the bulk of the wealth from the bottom to the top. Wages can't keep up with inflation and the new money only arrives at the bottom once its value has been inflated away substantially already.
- chewz 7y agoIn principle, yes. But each and every Minister of Finance welcomes inflation as it increases budget revenues faster then expenses. And with increased revenues you can buy a lot of votes.