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"Government theft drops to 8.5% annual rate" -- There I fixed the headline Inflation is a hidden tax that the public has been PR'd into thinking is acceptable.
by ospzfmbbzr 4y ago
"Government theft drops to 8.5% annual rate" -- There I fixed the headline
Inflation is a hidden tax that the public has been PR'd into thinking is acceptable.
- Sohcahtoa82 4y agoFor the individual, yes, inflation feels bad knowing that the dollar you make today will be worth less next year. But at the macro level, it encourages people to spend money, fueling the economy. An economy doesn't work on investments alone, people need to buy products and services.
- UncleMeat 4y agoLet's say inflation is at 0%. Then McDonalds decides to double all of their prices for no reason other than that they want more money. Measured inflation will now be greater than 0%. Was that the government stealing money from you? Money creation is part of the story of inflation, but it isn't the end of the story.