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Why don't you include inflation in that list?
by richcollins 16y ago
Why don't you include inflation in that list?
- joe_the_user 16y agoInflation is pretty much directly based on the control of the currency. While I don't necessarily advocate a society using gold-money, it's an example of a situation where the state couldn't directly control the currency. A state in such a society could still tax and arbitrarily confiscate money but it couldn't create inflation (well, under normal circumstances...).