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printing money is essentially a wealth tax on everyone that owns the money. It's a flat tax. However, it also can cause prices to rise, and then... what will
by codecamper 6y ago
printing money is essentially a wealth tax on everyone that owns the money. It's a flat tax. However, it also can cause prices to rise, and then... what will they do?
- alexmingoia 6y agoInflation isn’t evenly distributed, because new money isn’t evenly distributed. Those who get the new money earlier experience less inflation. This phenomena is known as the Cantillon effect.