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How does increasing taxes bring down fertilizer, meat, gas and housing?
by vorpalhex 5y ago
How does increasing taxes bring down fertilizer, meat, gas and housing?
- bryanlarsen 5y agoIt doesn't work against transitory, sectoral inflation, no. But HN consensus and the top comment here insist that the inflation is general and permanent.
- vorpalhex 5y agoHow does raising taxes help against permanent inflation?
- csomar 5y agoIt doesn't. The OP is confusing MMT where monetary policy is controlled through fiscal policy; and the current state of affairs where they are separate. Collecting more taxes will raise prices, lower your purchasing ability and help the government carry on in reckless spending.