4 ms·
One reason to stop at $2,000 is so that inflation is limited. 2% inflation is quite manageable, historically. 2000% inflation is not.
by tedsanders 13y ago
One reason to stop at $2,000 is so that inflation is limited. 2% inflation is quite manageable, historically. 2000% inflation is not.
- dllthomas 13y agoIs there particular motivation for $2000, or just using the article's number? It seems that there's clearly some optimal number, and I suspect it's >0, but I'm not sure how it should be determined.
- tedsanders 13y agoI was just using the given number. If this scheme were implemented, I'm guessing the number would be picked by economists at the Fed who target a particular money supply. And then that number would be criticized by people who think that the Fed is choosing to stiff the poor. For that reason, I think it would be a huge mistake to tie together monetary policy and income redistribution. :)