1012
Do you make $5,000/day?
(sh.itjust.works)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Oct 2024
1012 points (98.7% liked)
196
16411 readers
1421 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
Gradual inflation that happens under the national growth rate is fine. You need more currency moving at a faster rate in an expanding economy.
Gradual inflation in a contracting national growth rate is a huge problem.
Thomas Picketty lays this all out mathematically in "Capitalism in the 21st Century", and builds a strong economic case for a high graduated tax rate as a means of tying inflation back to real economic growth.