this post was submitted on 25 Oct 2024
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Do you make $5,000/day? (sh.itjust.works)
submitted 6 days ago by praise_idleness@sh.itjust.works to c/196@lemmy.blahaj.zone
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[–] UnderpantsWeevil@lemmy.world 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.