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I agree. Inflation is a form of taxation and is an immoral thing as well.
by snitko 12y ago
I agree. Inflation is a form of taxation and is an immoral thing as well.
- dllthomas 12y agoInflation isn't an act, in the way that taxation is. Inflation is basically a decrease in the value of money. This can certainly happen if the supply is increased, and that can certainly be due to printing of money, and that act is quite legitimately viewed as taxation. Supply can also increase due to other factors (increased velocity of money, for instance) and value can also decrease due to a decrease in demand. Calling, particularly, the last of these "taxation" seems very strange to me. I'm not going to dive into the morality of these things, here. Any productive discussion is going to take way more time and attention than I have available.