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> Zero would be an even better number. Looking at monetary policy since 2008, I sometimes wonder if taxes are even necessary. It's increasingly clear that cen
by caeril 5y ago
> Zero would be an even better number.
Looking at monetary policy since 2008, I sometimes wonder if taxes are even necessary.
It's increasingly clear that central banks can print and fund ~20% of their host governments' budget without any risk of lasting inflation. Why not try ratcheting that up?
- native_samples 5y agoBut there is inflation, it's just not in consumer price indexes. It seems to have mostly flowed into financial instruments of various kinds. Also remember that inflation is compound. 4% a year inflation isn't a steady increase.