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Often overlooked is that central banks are quite limited in their toolsets. Our elected politicians are mostly letting us down by not having the spine to raise
by CharlieDigital 4y ago
Often overlooked is that central banks are quite limited in their toolsets.
Our elected politicians are mostly letting us down by not having the spine to raise taxes to pull excess money supply out of the system without shifting more of the burden of inflation onto the majority.
- slowmovintarget 4y agoTaxes can do that, and were used this way after WWII to slow down a red-hot economy. The trouble is in the timing, because there's a point where you have to to take the brakes off, and the political will to stop collecting "all that money?!?!" often fails.