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What's the problem with inflation? It seems to me that it is a very effective wealth tax. Almost trivial to collect, and it greatly benefits those with debt i
by aeternum 7y ago
What's the problem with inflation? It seems to me that it is a very effective wealth tax. Almost trivial to collect, and it greatly benefits those with debt including governments.
- WalterBright 7y ago> it greatly benefits those with debt Since the interest rate is increased to account for inflation, it doesn't benefit debtors who can't just print more money to cover it (like the government does).