4 ms·

Couldn't agree more! Then add to that the fact that you're taxed on `gains` for investment. So buy an ounce of gold. 1 year later sell it for 6% more than you

• simplestats 5y ago
  I was being a little generous, yes. I wonder if that's what is triggering people. The stated goal of govt seems to be low (but positive) levels of inflation and high growth. The current situation with high inflation and low interest rates makes even tax-free govt bonds undesirable. And they will need to raise rates. So I'd say policies are backfiring, yes.
  • reedjosh 5y ago
    Yeah, I don't get the downvotes. It's worse that they won't reply why either. At least converse when you are in disagreement. > The stated goal of govt seems to be low (but positive) levels of inflation and high growth. Yes, and I disagree with that position too, but people are taught Keynesian economics, so even beginning to unfurl that mess is asking for a downvote storm. The same people that will argue inflation is beneficial for growth tend to believe they are also open minded, free thinking, and well `educated`. It makes for a difficult argument often resulting in a lot of pointing to `authorities` on the matter.
• xxpor 5y ago
  There's nothing nefarious about it. The government doesn't want people hoarding cash, because it means the money isn't supporting the economy.
  • hkt 5y ago
    Not to mention the dramatic effects of deflation on growth.