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Inflation is good for institutions with $27 trillion debts, like the US government.
by gred 5y ago
Inflation is good for institutions with $27 trillion debts, like the US government.
- infamouscow 5y agoThe US government could tax the population at 100% of GDP and it wouldn't make a dent in the national debt. Also the US government can print it's own money.
- imtringued 5y ago>The US government could tax the population at 100% of GDP and it wouldn't make a dent in the national debt. Actually, it would cause the debt to GDP ratio to go up as taxable income shrinks. See Greece. Paying off debt while everyone and their dog is saving money like crazy is foolish.
- AlexandrB 5y agoInflation is good for anyone with debt, which includes most of the US population. (Assuming that wages rise to match inflation, of course)