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"You can control inflation with taxes, and it's a more fiscally responsible way to do it." There is an interesting and compelling theory that you can control i
by rsync 4y ago
"You can control inflation with taxes, and it's a more fiscally responsible way to do it."
There is an interesting and compelling theory that you can control inflation with taxes (broadly, MMT[1]) but the cautious and (in my opinion) warranted skepticism that you voice, upthread, about prevailing economic theories should be extended to MMT as well.
We don't really know if money supply creation via "printing" and the corresponding destruction via taxation will work just as MMT suggests it will.
[1] https://en.wikipedia.org/wiki/Modern_Monetary_Theory https://en.wikipedia.org/wiki/Modern_Monetary_Theory