Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
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.
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.