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Yes and no. Inflation is very directly coupled with emission, not salaries. BUT if you have base inflation due to emission, and then do autoindexing, the win o
by f1shy 2y ago
Yes and no. Inflation is very directly coupled with emission, not salaries. BUT if you have base inflation due to emission, and then do autoindexing, the win of the emission ist totaly lost. Is the primary source of hyperinflation.
- haccount 2y agoSo the right way is to use emission but make sure peoples wages don't increase competitive with inflation. Making marginal people poor and padding the pockets of people who have better options for fighting for higher wages? I'm in the later category so I wouldn't suffer but the entire concept sounds a bit evil tbh and an encouragement for inflation because corporations will get away paying their low ranking slaves less.
- f1shy 2y agoOf course is absolutely evil! Look any 3rd world country. The whole idea of inflation via emission is to dissolve people money: at the time of emission local money is say X for a dollar, the gov. uses the money at that value, pays salaries, etc, but at the time the people actually uses the money, it is X*2 for a dollar. That is the whole game. Horrible, yes, but the daily reality for most people in 3rd World countries.