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Do you make $5,000/day? (sh.itjust.works)

submitted 6 days ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 5 days ago

Gradually inflating the currency

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.