3 ms·
By printing money the government steals value from existing holders of currency. It’s effectively an undemocratic (amount is not generally voted on) tax on peo
by atom_arranger 5y ago
By printing money the government steals value from existing holders of currency.
It’s effectively an undemocratic (amount is not generally voted on) tax on people’s earnings and cash savings.
- masswerk 5y agoInflation/deflation is an effect of the amount of money (or in general: any kind of material compensation for trade, work and services) available and which potential customers are able to spend and the amount of goods (and the capabilities to produce them), which are actually available. Meaning, it's a function and not necessarily a conspiracy. Edit: In other words, if you are working really hard and are making earnings which allow you to spend more on Teslas than Musk can produce, you are creating inflation. Money or other tokens.