2 ms·
Also it is not true that "governments make their currencies slightly inflationary precisely to discourage hoarding." In fact, this is done so that there can be
by Finnucane 5y ago
Also it is not true that "governments make their currencies slightly inflationary precisely to discourage hoarding." In fact, this is done so that there can be economic expansion. It is true that some economists have advocated for deliberately trying to increase inflation to spur spending, but it turns out that actually forcing inflation is not easy (see also: Japan for the past two decades).
- AlexCoventry 5y agoThe US seems to be pulling it off for the last few months. https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/ https://www.statista.com/statistics/273418/unadjusted-monthl...
- Finnucane 5y agoYes, but not as a matter of deliberate policy.