> The loss of purchasing power implied by those extra zeroes is a huge problem. Inflation is basically a constant unconditional tax on everyone holding the cur

> The loss of purchasing power implied by those extra zeroes is a huge problem. Inflation is basically a constant unconditional tax on everyone holding the currency. This is absolutely a problem that needs to be solved. No it's not. It's perfectly fine if universal "you owe me"s cannot be held back indefinitely only strike with even more force when unleashed. And I say that as someone who is hit harder by inflation than most because I enjoy liquidity far more than I should, I'm very bad at converting into assets (or even taking up a loan)